NEW DELHI, Nov 4 (Reuters) - India will allow an additional 930,000 tonnes of sugar exports after Nov. 15, government sources said on Thursday, bringing the total since September to 1.5 million tonnes.
“So far we have allowed less than 600,000 tonnes. After Nov. 15 we will allow more but after that we will go slow. Exports will only be allowed in a calibrated manner,” a senior government official, who did not wish to be identified, told Reuters.
India, the world’s top consumer and the biggest producer behind Brazil, has already allowed exports of 570,000 tonnes of sugar since September. [ID:nSGE69H0JG]
Concerns about global supplies, with Brazil’s output lower than expected and uncertainty over how much India would export, had earlier pushed benchmark New York prices to 30-year highs. [ID:nLDE6A30NX] (Reporting by Mayank Bhardwaj and Ratnajyoti Dutta; editing by Jo Winterbottom)