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Indian sugar prices up due to country sugar output decline forecast

22.01.2019 22:44 "Agro Perspectiva" (Kyiv) As of last week, Indian domestic market white sugar futures prices reached their 2 months maximum high, after the Indian Sugar Producers Association having had issued its forecast for the country producers to decline their sugar output, Ukrainian National Association of Sugar Producers says referring to the Bloomberg report. As to the report, the Association forecasts that the Indian 2018/19 MY white sugar output will total 30.7 million tons (due to this year Indian domestic sugar cane crop decline) — what will stimulate domestic market sugar prices and reduce the sugar export rates.

Agro Perspectiva

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