Global sugar market grateful for India supply, once viewed as a threat

"Without India filling this gap, from November to March or April, the global sugar market would have a serious problem," said Paulo Roberto de Souza, the Chief Executive of Alvean Sugar SL, the world's largest sugar trader.(File pic shows India wholesale sugar in Kolkata. - Reuters)

SAO PAULO/NEW YORK: India may be the only country able to fill a looming global supply gap for sugar as the Brazilian crop ends, making the world's sugar market grateful for the Asian country that was once viewed as a threat to the market's stability.

"Without India filling this gap, from November to March or April, the global sugar market would have a serious problem," said Paulo Roberto de Souza, the Chief Executive of Alvean Sugar SL, the world's largest sugar trader.