Sugar prices fall as India allows OGL exports

Contrary to some expectations India has allowed 500,000 tonnes of sugar exports under its Open General licence (OGL).  Despite forthcoming local elections and some concerns over agflation India has permitted the full 500,000 tonnes for export. Previously 200,000 tonnes had been expected following comments in recent days.

It is expected that over 1 million tonnes of sugar for export will be approved under OGL during the year once India has confirmation of the size of its crop.  India is the world's second largest grower.

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