India to start new sugar season with 6.2 mln T of stocks

1 minute read

A labourer carries a sack filled with sugar to load it onto a supply truck at a wholesale market in Kolkata, India, November 14, 2018. REUTERS/Rupak De Chowdhuri

Register now for FREE unlimited access to Reuters.com

NEW DELHI, May 25 (Reuters) - India could start sugar's new marketing year on Oct. 1 with carry forward stocks of 6.2 million tonnes even after exporting a record 10 million tonnes, the top official at the food ministry said on Wednesday.

On Tuesday India imposed restrictions on sugar exports for the first time in six years by capping this season's exports at 10 million tonnes. read more

New Delhi had decided to restrict exports as a precautionary measure in an attempt to ensure enough supplies remain in the country to meet demand during festival season, Food Secretary Sudhanshu Pandey told reporters.

Register now for FREE unlimited access to Reuters.com
Reporting by Mayank Bhardwaj and Rajendra Jadhav Editing by David Goodman

Our Standards: The Thomson Reuters Trust Principles.