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Sugar exports may drop 24 pc this year due to logistics issues: Trade body AISTA
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Last Updated: Feb 11, 2021, 06:45 PM IST
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Sugar mills had exported 5.7 million tonnes of sugar against the mandatory quota of 6 million tonnes set for the 2019-20 season (October-September). AISTA said its crop committee, which reviewed the country s sugar production for this year, has reported export of sugar in the current season to be around 4.3 million tonne. The exports are likely to less than last year due to the logistics constrains.
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NEW DELHI: India s sugar exports may drop over 24 per cent to around 4.3 million tonnes in the current marketing season 2020-21, due to logistics constrains and less chances of shipments to Iran, trade body All India Sugar Trade Association (AISTA) said on Thursday. AISTA pegged sugar output to be higher at 29.9 million tonnes in the current 2020-21 marketing season (October-September), against 27.40 million tonnes in the l
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India s Sugar Exports To Drop More Than 24% In 2020-21 - Trade Body
Mills in India, the world s biggest consumer of the sugar, are expected to churn out 29.9 million tonnes of the sweetener in the 2020-21 season, up from 27.40 million tonnes produced in the previous season.
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India s sugar exports are likely to drop more than 24% in the current year to September due to logistical constraints such as a shortage of containers and congestion at the country s ports, a leading trade body said on Thursday.
India, the world s second biggest sugar producer after Brazil, is likely to sell 4.3 million tonnes of the sweetener on the world market in the 2020-21 season against 5.7 million tonnes shipped in the previous year, said R.P. Bhagria, chief executive of the All India Sugar Trade Association (AISTA).
India's sugar exports are likely to drop more than 24% in the current year to September due to logistical constraints such as a shortage of containers and congestion at the country's ports, a leading trade body said on Thursday.