India’s move to slash sugar export quota to tighten world supply

The move comes at a time when the world is already thirsty for supplies, with Brazil witnessing excessive rains and delays in sugar cane crushing. Raw sugar in New York have jumped more than 6% since late October, and could strengthen further following the announcement by India that vies with Brazil as the top producer.

from Economy-News-Economic Times https://ift.tt/NRoVemY
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