Raw Sugar Tumbles to 42-Month Low as India Plans to Boost Sales
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Raw-sugar futures tumbled to the lowest since June 2010 as India, the world’s second-largest producer, plans to consider incentives tomorrow to boost production for exports.
Subsidies cleared by a panel of ministers will need approval by the Indian cabinet. Global inventories will rise to a record as consumption trails production in the marketing period ending in 2014 for most countries, the U.S. Department of Agriculture forecast in November.