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Sugar industry confident of meeting target

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The sugar industry has welcomed the Centre’s choice on the export plan for 2020-2021 season.

According to the Indian Sugar Mills Association (ISMA), the industry ought to be capable of fulfil the export target of six million tonnes in 2020-2021 sugar season.

Several giant importing nations have been enquiring about Indian sugar this season. With a drop in manufacturing in Thailand, there is a chance for India to export to conventional markets resembling Indonesia and Malaysia.

At the present world costs, even when there’s a small correction, exports can be viable with the subsidy of ₹6,000 a tonne.

World costs are increased now in contrast with the identical interval final season.

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