Dubai Sugar Council or Indian government will increase export of 1 million tons of sugar

The foreign media reported on February 6 that more than 550 sugar industry elites have gathered in Dubai from around the world to participate in the Kingsman International Sugar Club on February 4-7. Traders at the meeting said that the Indian government may be on this Tuesday. The meeting approved the re-export of 1 million tons of sugar.

The Cabinet of Ministers of the Indian Cabinet will meet on Tuesday to consider allowing more sugar to be exported and non-Basmatimi. The general manager of the well-known company KingsmanSA also said that India will approve 1 million tons of sugar exports.

India is the world’s largest sugar consumer and the world’s second largest sugar producer after Brazil. In 2011/12, which began in October, it has approved sugar mill exports of 1 million tons of sugar.

The Indian sugar company expects that India will produce 26 million tons of sugar in 2011/12, and said that the annual domestic consumption of sugar is about 22 million tons.

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