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Indian Refiners to Divert Sugar to Local Market to Ease Crunch
Source: Bloomberg
Consumer Demand & RetailCommodities & Raw MaterialsEconomic DataTrade Policy & Supply Chain
Indian refiners will divert 350,000 tons of sugar that was originally headed offshore into the domestic market after authorities cleared the move to ease a supply crunch. The change is likely to tighten offshore availability while supporting local supply conditions, reducing near-term risk of domestic shortages.
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