💨 Abstract

Indian sugar mills are facing difficulties in securing export contracts despite the government's permission to export 1 million metric tons of sugar, as they demand a significant premium over London prices. Overseas buyers are reluctant to pay these premiums, causing a slowdown in shipments and supporting global prices. The slower pace of exports, coupled with a decline in global prices, has reduced the incentive for Indian mills to export, as they wait for prices to rise before signing deals.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖