India to divert 350,000 tonnes of sugar exports to local market amid shortage

Indian refiners will divert 350,000 tons of sugar offshore to the domestic market. This move aims to ease a significant supply crunch and tame surging prices. Authorities have cleared the release of these stockpiles to domestic buyers within a week. This intervention will provide near-term relief for consumers during the festival season. Sugar prices have already begun to cool down following government intervention.

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