India to start new sugar season with 6.2 million tonnes of stocks

NEW DELHI: India might begin sugar’s new advertising 12 months on October 1 with carry ahead shares of 6.2 million tonnes even after exporting a report 10 million tonnes, the highest official on the meals ministry stated on Wednesday.
On Tuesday, India imposed restrictions on sugar exports for the primary time in six years by capping this season’s exports at 10 million tonnes.
New Delhi had determined to limit exports as a precautionary measure in an try to make sure sufficient provides stay within the nation to satisfy demand throughout competition season, meals secretary Sudhanshu Pandey instructed reporters.