Reuters reveals Indian sugar mills have been renegotiating and defaulting on contracts to supply 400,000
Reuters exclusively reported that Indian sugar mills have been renegotiating and defaulting on contracts to supply 400,000 tonnes of the sweetener to overseas buyers as prices jumped after the government cut this year’s export quota. After Reuters revealed the news, New York raw sugar futures jumped 2.3% to hit a seven-month peak yesterday. Shares of Indian sugar […]