August 23, 2018 / 8:30 AM / 3 months ago

India extends deadline for 2 mln T sugar exports by 3 months-govt source

NEW DELHI, Aug 23 (Reuters) - India has extended the deadline for export of 2 million tonnes sugar by three months to December, a government source involved in the decision making said on Thursday.

The world’s second-biggest sugar producer has been trying to reduce sugar stocks after harvesting a record crop.

India’s sugar production is expected to jump by almost a tenth from the current year to between 35 million tonnes and 35.5 million tonnes in 2018/19, the Indian Sugar Mills Association (ISMA) said. (Reporting by Mayank Bhardwaj; Editing by Malini Menon)

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