Indian sugar mills association

Sugar mills expect more export

Date:	24 Nov 2011

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News ID:	724

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Nov 23: India, the second-biggest sugar producer, may allow more exports by the end of next month as output exceeds demand for a second year, a mills` group said.

Producers expect the government to permit an additional 1 million tonne to be shipped, Vinay Kumar, managing director of National Federation of Cooperative Sugar Factories , said in a phone interview on Wednesday.

A panel of ministers on Tuesday approved overseas sales of 1 million tonne , food minister K V Thomas said in New Delhi.

Rising exports from India, where production is seen climbing to a four-year high, may add to the first global surplus in four years and ease global food costs.

Futures have slumped 35% since reaching a three decade high in February on expectations of increased production from Thailand, Russia and the European Union.

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