- Wednesday, May 08, 2024
By: Eastern Eye Staff
India is likely to become a net importer of sugar in 2016/17 as back-to-back drought years dry irrigation channels and ravage cane fields, with output in the country’s biggest producing state seen dropping over 40 percent. That would mark the first time the nation has been a net importer of the sweetener in four years, with the switch likely to support global prices that have already been rising this year. It would also give rival producers such as Pakistan, Thailand and Brazil the chance to boost shipments from their ports. “India will need to import next year due to a…
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