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Energy ICE Brent had another go of trying to break above the US$70/bbl mark, and while the market briefly traded above this level, it failed to settle above and closed more than 1% down on the day. The catalyst for the selloff were reports that the US and Iran had made progress on nuclear talks, .

Sugar mills contract export deals for 34 lakh tonne

Sugar mills contract export deals for 34 lakh tonne FE Bureau © Provided by The Financial Express Indian exports are still competitive in the global market and are enjoying some advantage in view of the problems Brazil is facing in shipping soybeans that could extend to sugar, industry people said. Indian sugar mills have contracted deals for export of 34 lakh tonne of the sweetener, according to trade body All India Sugar Trade Association (AISTA). Around 17 lakh tonne have already been dispatched from sugar mills to the ports and refineries, the association said. Indian exports are still competitive in the global market and are enjoying some advantage in view of the problems Brazil is facing in shipping soybeans that could extend to sugar, industry people said.

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