Source: Reuters (via feed)
Indian sugar mills have locked in export shipments totaling 100,000 metric tons in one week. This information was confirmed by five dealers speaking to Reuters. The increase in export deals came after a slump in the rupee to a record low. Global sugar prices also rallied during this period. Both developments influenced the economics of overseas sales.
BizTrendWire Insight:
Indian sugar mills finalized significant export shipments amid currency and commodity price changes.
Indian sugar mills finalized significant export shipments amid currency and commodity price changes.
