News / India sugar exports boosted by strong demand from Indonesia, Iran

India sugar exports boosted by strong demand from Indonesia, Iran


India sugar exports boosted by strong demand from Indonesia, Iran

MUMBAI: Sugar exports from India have gained momentum due to strong demand from Indonesia and Iran as the rupee slid to a record low, increasing exporters' margins from overseas sales, five industry officials told Reuters.

Higher exports from India, the world's biggest producer of sugar, could put pressure on global prices and limit shipments from rivals such as Brazil and Thailand.

"In the last few days, Iran and Indonesia were buying for May and June shipments," Rahil Shaikh, ..


Date: 2020/11/02 03:44 pm | Visits: 140

Tags: india sugar

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