A Dubai Sugar Refiner Blames India for Its Two-Month Shutdown
- World’s largest port-based sugar refinery restarted Thursday
- Facility shut almost two months because of tougher competition
A worker breaks sugar crystals at a mill in India.
Photographer: Prashanth Vishwanathan/Bloomberg
This article is for subscribers only.
A flood of sugar from India, the world’s largest producer, has forced Dubai’s top refiner to halt output for almost two months because of weak demand for its sweetener.
Al Khaleej Sugar, the world’s largest port-based refinery, restarted operations Thursday after being closed since mid-December, Managing Director Jamal Al Ghurair said in an interview in Dubai. He blamed Indian sugar for depressing prices and boosting competition in areas that Al Khaleej supplies.