India to allow 1m tons of sugar export. Twice the expected amount - no domestic shortages.
Russia produced 3.5m tons of sugar to date. A record in the contry's production history.
India sugar output will be 25m ton - potential for modest exportation.
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As high-fructose corn syrup gets a bad health rap, consumers are switching to sugar. The trend away from HFCS to beet and cane sugar (as well as a drop in supply due to poor agri-conditions) is helping to push up prices of the commodity.
Sugar consumption in India increased by 66 percent between 2005 and 2010.
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