Sunday, September 16, 2007

India Expected to Top Brazil as Top Sugar Producer

MUMBAI: Sugar futures fell on Wednesday as deliveries started arriving at warehouses ahead of next week's near-month contract expiry, and weighed down by a bumper crop in the offing.

The International Sugar Organisation said in its monthly report on Tuesday it expected India to overtake Brazil as world's top sugar producer with an estimated 33.5 million tonnes of sugar in 2007/08, up from 29 million tonnes a year earlier.

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