Thursday, June 7, 2007

Raw Sugar Falls in New York as India May Export as Much as 500,000 Tons

(Bloomberg) -- Sugar in New York fell for the seventh
time in eight sessions after India, the world's second-largest
producer, may export as much as 500,000 metric tons of the
sweetener in the year starting Oct. 1.

Indian Sugar Exim Corp., an industry-funded trading company,
won a contract to ship 200,000 tons to Dubai-based Al Khaleej
Sugar, Asia's largest refiner, Vinay Kumar, a Sugar Exim
spokesman, said today in a phone interview. The company said it
hopes to secure more orders when it starts shipments in December.


Read more at Bloomberg Commodities News

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