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Sugar subsidy: India's trying to race Brazil by rushing exports

Producers are talking to importers in West Asia, China, East Africa, Bangladesh, Iran and Sri Lanka with a view to starting shipments from next month

Abinash Verma, director general of the Indian Sugar Mills Association, said sugar producers are talking to importers in West Asia, China, East Africa, Bangladesh, Iran and Sri Lanka with a view to starting shipments from next month
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Abinash Verma, director general of the Indian Sugar Mills Association, said sugar producers are talking to importers in West Asia, China, East Africa, Bangladesh, Iran and Sri Lanka with a view to starting shipments from next month

Pratik Parija | Bloomberg New Delhi
Sugar mills are trying to lock in deals with buyers from China to Iran to begin exports from October 1, when fresh government subsidies kick in.
 
The millers will start shipping from the country’s record stockpiles instead of waiting for the new sugar crop to become available to fully use the time it has until April, when supplies from rival Brazil start to flood the market, according to an industry association.
 
Producers are talking to importers in West Asia, China, East Africa, Bangladesh, Iran and Sri Lanka with a view to starting shipments from next month, the beginning