Indian sugar exports may be impacted by the global surplus

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Source: Commodityonline
Indian sugar export for 2011-12 are expected to be pressured by the global surplus of sugar output. The estimated surplus for the country is between six and eight million tons, reported the Rabo Bank. India is expected to produce 26 million tons of the commodity while consumption is likely to round at 22 million tons. Meanwhile, global sugar surplus is likely to attain 5.4 million tons. Currently, sugar futures for delivery in March traded at 25.35 cents per pound on the ICE.

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