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According to Geojit, The government has set sugar sales quota for October at 1.3 mln tn in the first tranche, Sanjeev Chopra, secretary, Department of Food and Public Distribution said today at the India Sugar and Bio-Energy Conference, 2023.
Global sugar prices has witnessed a remarkable surge in the past few weeks owing to concerns over shortage in supply with sugar prices trading at a four and half months high in New York and a 12-year highs in London. Last week, the world's largest sugar trader, Alvean, said it is expecting a sixth straight year of deficit in the next sugar season.
The ASGA is holding its annual meeting in Scottsdale, Arizona. The meeting will wrap up Tuesday, Feb. 1.