While it expects that the industry may not fulfil its 5 mt export quota, as much as 3 mt could be exported
India will start the new season next month with carry forward stocks of between 10 million and 10.5 million tonnes
The latest notification from the ministry of food also said the actual export might be completed in the coming sugar season
Indonesia links sugar imports to lowering tariff on palm oil, China raises duty
Currently sugar is exported to China, Sri Lanka, Sudan, Somalia and Dubai, among other countries
India in March scrapped a 20 per cent export tax and made it compulsory for mills to export at least 2 million tonnes of sugar
Traders said abolition would help push out just 100,000-150,000 tonnes mostly to Bangladesh and Nepal as everywhere else global prices are weak
India is likely to produce a record 29.5 million tonnes of sugar in the 2017/18 season that ends on September 30
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
Sri Lanka, which allows duty-free sugar imports from Pakistan, could also be keen to import white sugar from India
Food Min Proposed Perhaps for the first time an export duty of 25 per cent on sugar
Open to lower import duty