Reported 3 days ago
Sugar prices are falling as projections indicate stronger exports from India and Thailand, with India's exports expected to rise significantly in the upcoming season due to an anticipated bumper crop from abundant monsoon rains. The Indian Sugar and Bio-energy Manufacturers Association is pushing for permission to export 2 MMT of sugar, which, alongside forecasts of production increases from both India and Thailand, is contributing to a bearish outlook for sugar prices.
Source: YAHOO