India manages to export 1.26 MT sugar so far amid global glut
NEW DELHI: India, which is saddled with surplus sugar stocks , managed to export 1.26 million tonnes of the sweetener in seven months to April 2015 at a time when the world market is facing a glut situation. Sugar output has exceeded the domestic demand in the world’s second largest sugar producer for the last five years and the trend is expected to continue in the current sugar marketing year (October-September) too.
