date:May 28, 2014
with almost 18-20 lakh tons less than last year, but there will be a surplus of about 15-20 lakh tons, which can be exported as and when opportunity arises, ISMA adds.
However, the pace of sugar exports has slowed down because of the unreasonable and unexpected reduction of the export incentive from $56.50 to $39 per tonne by the Indian food ministry.