Sugar to Get More Expensive as India Set to Miss Export Target
- Shipments seen trailing industry forecasts by 20% this year
- Less supply than expected from India could bolster prices
India will ship almost 20% less sugar than the government’s target.
Photographer: Kuni Takahashi/Bloomberg
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India is set to miss its goal for sugar exports this year because of a late start to shipments and logistical challenges, potentially providing further fuel to the sweetener’s blistering rally.
The world’s second-biggest producer, grappling with massive stockpiles, will ship almost 20% less than the government’s target and a forecast from a top industry group, according to the median of seven estimates in a Bloomberg survey of traders and analysts.