India could export 4-6 million tonnes sugar in 2018/19: Sucden India head
MUMBAI (Reuters) - India is likely to export 4 to 6 million tonnes of sugar in the 2018/19 marketing year starting next month as production could hit a record high, a senior industry official said on Wednesday.
The world's second-biggest producer is likely to export 2.5 million tonnes white sugar and remainder as raw sugar, said Yatin Wadhwana, head of Sucden India.
India has been struggling to export its massive surplus as prices in the world market are trading at steep discounts to local prices.
India should make it compulsory for sugar mills to export at least 7 million tonnes of sugar in the 2018/19 marketing year, the head of a leading trade body said.
(Reporting by Mayank Bhardwaj; Editing by Malini Menon)
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