Brazil’s sugar exports soared by an impressive 44% in early February on a daily average basis, according to DatamarNews. Yet, despite this remarkable surge in shipments, global sugar prices have fallen amid rising concerns about an oversupply
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India is gearing up to tackle its sugar surplus head-on by ramping up exports and expanding ethanol production. This strategic move aims to stabilize prices and provide much-needed support to farmers as stockpiles continue to grow, Reuters reports