India waiting for rise in global sugar prices to strike export deals: ISMA

Owing to a fall in global prices of raw sugar, not many export contracts happened in the last one month or so. During October-November period of the ongoing 2021-22 season, sugar mills exported over 6.5 lakh tonnes of sugar, higher than 3 lakh tonnes in the previous year.

New Delhi: Indian sugar mills are still waiting for global sugar prices to rise to enter into further export deals, industry body ISMA said on Monday.

Owing to a fall in global prices of raw sugar, not many export contracts happened in the last one month or so, beyond the 38-40 lakh tonnes of export contracts which have already been signed, it said in a statement.

"Since almost nine months are left for the current season, mills are still waiting for the opportune time to enter into further export contracts," Indian Sugar Mills Association (ISMA) added.