The Indian government is considering allowing additional sales of 1.2 million tonnes of sugar, exceeding the current quota of 10 million tonnes, for the agricultural year ending on September 30, reports the Financial Express, citing confidential sources. According to these sources, India may permit sugar mills to export more than before to help them avoid contract defaults.
India is ready to increase sugar exports to prevent breach of contracts.
India is considering allowing an additional sale of 1.2 million tons of sugar above the current quota of 10 million tons to prevent sugar mills from defaulting on contracts.