Reuters reveals Indian sugar mills have been renegotiating and defaulting on contracts to supply 400,000

Trade & Finance

Reuters solely reported that Indian sugar generators were renegotiating and defaulting on contracts to offer 400,000 tonnes of the sweetener to out of the country patrons as costs jumped after the federal government minimize this 12 months’s export quota. After Reuters printed the scoop, New York uncooked sugar futures jumped 2.3% to hit a seven-month height the day before today. Stocks of Indian sugar manufacturers jumped up to 8% after the tale.

Article Tags

Subjects of Hobby: Trade & Finance

Kind: Reuters Highest

Sectors: Commodities & Power

Areas: Asia

International locations: India

Win Sorts: Exclusivity

Tale Sorts: Unique / Scoop

Media Sorts: Textual content

Buyer Have an effect on: Vital Nationwide Tale

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