Indian sugar traders eye huge exports to Pakistan
Pallab Bhattacharya, New Delhi
Welcoming Pakistan's decision to lift a four-year ban on import of sugar from India, the Indian sugar traders are making preparation for a large scale exports to the neighbouring country.According to a tentative estimate by Indian Sugar Mills Association, Pakistan may import about 500,000 tonnes of sugar from India in the next five months and the Indian sugar industry hopes to meet the demand riding on the back of a good output of sugarcane and sugar. Pakistan imported five lakh tonnes of sugar since January this year and the price of the commodity went up to Rs 30 per kg in that country in February. According to Association Director General S L Jain, the output is expected to be around 18 million tonnes in the new season beginning in October this year even after taking into account the heavy rains in Maharashtra, the sugar bowl of India, and adjacent Gujarat states.
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