New Delhi, July 20 -- India exported 6.5-700,000 tonnes of sugar between 20 January and mid-July, and the world's second-largest producer may ship out more if global white sugar prices increase from the current low levels of $484 per tonne, according to traders.
The sweetener was exported to Somalia, Afghanistan, Sri Lanka, Djibouti, UAE, Libya and Tanzania after the Centre on 20 January allowed exports of one million tonnes.
"In the International market (London), white sugar prices touched $555 per tonne on 25 February. However, currently it is hovering around $484 per tonne due to improved global supply. Domestic sugar prices are firm compared to the international market, at around $430-450 per tonne. For Indian sugar mills, it makes ...
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