Indian sugar production concerns drive local prices to 6-year high

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Sugar prices in India have surged over 3% in the past two weeks to their highest level in six years due to concerns over limited rainfall in key growing regions. This could lead to food inflation and discourage the Indian government from allowing sugar exports, supporting global prices. Sugar mills are worried about a potential fall in production in the upcoming season due to drought.

from Agriculture-Economy-News-Economic Times https://ift.tt/5AiKIDP

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