Indian traders selling old season sugar to Iran after subsidy: Report
Indian traders selling old season sugar to Iran after subsidy: Report Exports from the world’s biggest sugar producer could put pressure on global prices but will help India reduce its inventories that have driven down domestic prices Current Affairs :Indian plants are forcefully selling old season sugar to Iran after New Delhi reported an endowment to help desperate factories send out an overflow, five dealers stated, asTehran endeavors to verify nourishment supplies under US sanctions. Fares from the world’s greatest sugar maker could put weight on worldwide costs yet will enable India to lessen its inventories that have driven down local costs. Exchanging houses have contracted to fare to Iran around 350,000 tons of sugar for shipments arriving in October to December at about Rs 21,600 ($302) a ton on a free-on-board premise, the exchange sources said for the current week. They have gotten another 150,000 tons for goals like Sri Lanka, Afghanistan and African nation...