Heavy rainfall has spoiled Indian sugar mills' plans for an early start to cane crushing so raw sugar exports could get underway before supplies start coming on the market from rival exporter Thailand, a senior industry official and dealers said.
The delay in cane crushing in the world's biggest sugar producer and the second biggest exporter could push back shipments of raw sugar from India and may support global prices .
Western state of Maharashtra and neighbouring Karnataka, the country's biggest and the third-biggest sugar producing states, have had heavy rains, while the second biggest producing state of Uttar Pradesh got a heavy downpour last week.Mills in Maharashtra werecrushing in mid-October and produce raw sugar for the exports, said a Mumbai-based dealer with a global trading firm.
The Indian government has not allowed exports yet, but traders have so far signed deals to ship around 1 million tonnes, mostly in November and December, dealers said.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Venezuela landslide kills at least 25 people with 50 more missing after heavy rainfallA landslide spurred by days of heavy rain and flooding devastated a city in Venezuela on Saturday and resulted in the deaths of at least 25 people. Fifty others remain missing, officials said Sunday.
Read more »
More frequent Chinese patrols put 'heavy burden' on aging Taiwan frigatesThe stepped up intensity of Chinese naval patrols near Taiwan since August is putting a 'heavy burden' on the island's aging frigate fleet, which is struggling to maintain combat readiness, the Taiwanese defence ministry said on Tuesday.
Read more »
28 dead as Julia hammers Central America with heavy rainsFormer Hurricane Julia has dissipated, but is still drenching Guatemala and El Salvador with torrential rains At least 28 people were reported dead as a direct or indirect result of the storm.
Read more »
AUD/USD consolidates its recent heavy losses to the lowest level since April 2020The AUD/USD pair consolidates its recent losses to the lowest level since April 2020 and oscillates in a range around the 0.6265 region through the mi
Read more »
My Childhood Was Stolen, Says Linda Raye Cobe, Indian Boarding School SurvivorLinda Raye Cobe discusses the growing movement of survivors seeking to heal from the “Indian boarding school” system.
Read more »