May 27 (Bloomberg) -- Sugar mills in India, the world’s biggest consumer of the commodity, may reduce overseas purchases of raw sugar as global prices increase, a producers’ group said.
Imports may total as much as 2.5 million metric tons in the year ending Sept. 30, from an earlier estimate of 3 million tons, S.L. Jain, director general of the Indian Sugar Mills Association, said in a phone interview in New Delhi.
“Raw sugar prices have suddenly gone up, so there is no question of any imports now,” Jain said. “There is no parity, neither in raw nor in white.”
Source : bloomberg.com