India likely to be net exporter of sugar in coming years

The Indian government decided to grant subsidies to the domestic sugar cane producer. This decision will increase India's sugar exports; hence, more sugar is expected to reach the world market. In coming years, India would be the net exporter of sugar, foresees Commerzbank.

Yesterday,the raw sugar price recorded a sharply fall for the second consecutive day. It has fallen by nearly 5% within the space of two days of trading. The commodity is currently costs 14.5 US cents per pound, a week before the price was above 15 US cents.