(Bloomberg) -- Sugar closed unchanged in New York,
erasing earlier gains, after changes in export rules made it
more likely that shipments will increase from India, the world's
second-largest producer.
Indian exporters can ship to all markets, except the U.S.
and European Union, without seeking government approval until
September next year, the food ministry said in a notice dated
July 31. India may produce a record 30 million tons in the year
through Sept. 30, 2008, up from 28 million this fiscal year,
said the National Federation of Cooperative Sugar Factories Ltd.
Read more at Bloomberg Commodities News
erasing earlier gains, after changes in export rules made it
more likely that shipments will increase from India, the world's
second-largest producer.
Indian exporters can ship to all markets, except the U.S.
and European Union, without seeking government approval until
September next year, the food ministry said in a notice dated
July 31. India may produce a record 30 million tons in the year
through Sept. 30, 2008, up from 28 million this fiscal year,
said the National Federation of Cooperative Sugar Factories Ltd.
Read more at Bloomberg Commodities News
No comments:
Post a Comment