India's sugar exports may climb to four-year high on record output

Global sugar prices have tumbled about 28 per cent in the past year on a global surplus as production is set to increase in Europe and India

India will probably export more sugar than previously forecast as higher yields in some key growing regions are seen boosting output in the world’s top consumer.

Mills will attempt to ship about 2 million metric tonnes of sugar this year as domestic production is likely to climb to a record, leaving enough surplus for exports, said Abinash Verma, director general of the Indian Sugar Mills Association. That would be highest since 2013-14 when India shipped 2.13 million tonnes. Last month, Verma said that millers will try to export 1.5 million tonnes in six to eight months, raising his estimate from