Reuters reveals Indian sugar mills have been renegotiating and defaulting on contracts to supply 400,000

by DailyBriefers
3 comments

Business & Finance

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 producers jumped as much as 8% after the story.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Commodities & Energy

Regions: Asia

Countries: India

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story

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