date:Dec 06, 2013
A pickup in Indian sugar exports will weigh on global prices after a standoff was resolved between mills and farmers over the cane price, and sales to Iran look increasingly likely.
Analysts expect India to be a net exporter of sugar in 2013/14, selling at least 1.5 million tonnes and possibly more than 2.0 million depending on price movements in coming months.
ICE raw sugar futures slipped to three-month lows this week after news that the cane crush in India had begun, signalling more exports