Larger crop, lack of rupees curb Iran's record Indian sugar appetite

New Delhi agreed last week to subsidise up to 6 million tonnes of sugar exports this season to try to cut surplus stocks and support local prices. In the 2019/20 season, ended Sept. 30, Iran imported a record 1.14 million tonnes of sugar from India, accounting for some 20% of the country's sugar exports, Indian customs data shows.

from Economy-News-Economic Times https://ift.tt/3aB976m