India to consider talks with Sri Lanka, Bangladesh to export sugar

India will consider initiating preliminary talks with neighbouring Sri Lanka and Bangladesh to seek lower import duties for its sugar exports to prevent a glut next season, a top government official said. In the current 2017/18 season sugar mills in India, the world's biggest consumer of the sweetener, is expected to produce just enough to meet its annual consumption of about 25 million tonnes.

However, output is expected to jump next season, which starts in October, raising the possibility of a drop in domestic prices..

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