Global sugar prices up.

According to the Indian Sugar Mills Association (ISMA), global sugar prices for raw and white sugar are 20-25 per cent higher than the prices which prevailed three months ago when India started its exports against 6 million tonne under MAEQ. As per market reports, about 1.6 million tonne of sugar has been exported from India, and about 3.2 million tonne of contracts have been signed for exports. As per reports available, few sugar mills are not planning to export sugar against their allocated export quotas. A few of them have surrendered a part of their MAEQ to the government. ISMA said the government has decided to withdraw and reallocate export quota of mills which were not able to undertake shipments.

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