Sugar prices have slumped to lowest in 11 months and the world blames India

Bullish sentiment has been eroded by a raft of exports from India that Brazil, the top producer, calls 'unsustainable'

Sugar prices have slumped to the lowest in 11 months, defying forecasts for a shift in the global market to a deficit from a surplus. India, which often is a swing producer, again takes the spotlight as rivals lambaste the Asian nation’s export subsidies. 

The Indian government’s policies on subsidies and export quotas spurred a challenge from other producers at the World Trade Organization. The escalating rift is said to be on Brazilian President Jair Bolsonaro’s agenda for a visit to India in November, the International Sugar Organization said in a report.

The dispute also is on the schedule for