NEW DELHI (Bloomberg): Indian sugar millers, saddled with record stockpiles, are eager to cash in on the prospect of resuming exports to Indonesia after being absent from the world’s top import market for years.
The nation, which vies with Brazil as the top producer, may sell 250,000 tonnes of raw sugar to Indonesia by the end of the local crushing period in May after a change in quality rules by the South-east Asian country, according to the median of six estimates in a Bloomberg survey of traders and officials.
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