Indian Mills Sign Sugar Import Deals

by Dave

WSJ.com

Mills in northern India have struck deals in the past 10 days to import 80,000-100,000 metric tons of raw sugar, industry officials said Wednesday.

The raw sugar is being imported mostly from Brazil at $300-$330/ton, free on board. The shipments are expected to arrive in the June-July period.

Indian mills are importing sugar to optimize their unutilized refining capacity, following a shortfall in the country’s cane output in the marketing year

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