U.S. markets close in 41 minutes
  • S&P 500

    3,679.85
    +10.84 (+0.30%)
     
  • Dow 30

    30,079.90
    +196.11 (+0.66%)
     
  • Nasdaq

    12,415.10
    +65.73 (+0.53%)
     
  • Russell 2000

    1,855.95
    +17.93 (+0.98%)
     
  • Crude Oil

    45.77
    +0.49 (+1.08%)
     
  • Gold

    1,844.00
    +13.80 (+0.75%)
     
  • Silver

    24.23
    +0.15 (+0.60%)
     
  • EUR/USD

    1.2148
    +0.0032 (+0.27%)
     
  • 10-Yr Bond

    0.9200
    -0.0280 (-2.95%)
     
  • GBP/USD

    1.3453
    +0.0077 (+0.58%)
     
  • USD/JPY

    103.9400
    -0.4840 (-0.46%)
     
  • BTC-USD

    19,427.72
    +478.82 (+2.53%)
     
  • CMC Crypto 200

    381.65
    +7.25 (+1.94%)
     
  • FTSE 100

    6,490.27
    +26.88 (+0.42%)
     
  • Nikkei 225

    26,809.37
    +8.39 (+0.03%)
     

India needs to export 6 million T sugar as output rebounds: trade body

·1 min read
Vendors load sugarcane onto a vehicle at a wholesale market in Kolkata
Vendors load sugarcane onto a vehicle at a wholesale market in Kolkata

MUMBAI (Reuters) - India needs to export 6 million tonnes of sugar in 2020/21 marketing year started on Oct. 1 as the production is set to jump on higher area, a leading trade body said on Monday.

The world's biggest consumer of the sweetener is likely to produce 31 million tonnes of sugar in the new season, nearly 13% more than a year ago, the Indian Sugar Mills Association (ISMA) said in a statement.

India started the new marketing year with carry forward stocks of 10.64 million tonnes, lower than the 14.58 million tonnes a year ago, the ISMA said.

(Reporting by Rajendra Jadhav; editing by Louise Heavens)