 "Sugar")
The central government’s Minimum Indicative Export Quota (MIEQ) of sugar for the 2018-19 season seems unlikely to be met.
Of the 1.25 million tonnes (mt) of average MIEQ quota set for the October-December quarter, sugar factories have contracted for only 600,000 tonnes — and exported only 246,000 tonnes so far.
Of the 2 mt the government had similarly fixed for 2017-18, the mills had exported only 400,000 tonnes, a fifth of the official hope.
Sugar factories face several obstacles in export orders. The Brazilian currency (they compete with us) is falling and with a sustained fall in
Of the 1.25 million tonnes (mt) of average MIEQ quota set for the October-December quarter, sugar factories have contracted for only 600,000 tonnes — and exported only 246,000 tonnes so far.
Of the 2 mt the government had similarly fixed for 2017-18, the mills had exported only 400,000 tonnes, a fifth of the official hope.
Sugar factories face several obstacles in export orders. The Brazilian currency (they compete with us) is falling and with a sustained fall in
