Sales of Thai white sugar to India, the world's largest sugar consumer, are expected to reach 200,000 tonnes by year-end, with around 75,000 tonnes already traded so far, dealers said yesterday.
India has allowed mills to import duty-free raw sugar until March and white sugar up to November to ensure domestic supply during the AugustOctober festive season, when demand rises for sweets.
"I personally think 200,000 tonnes of sugar from Thailand will reach India before the New Year," said Kun Chalermkiatkul, international marketing manager at Mitr Phol Sugar,the country's biggest miller.
India is filling the supply gap with imports after poor monsoon rains cut domestic output. It was estimated to have imported 215,000 tonnes of white sugar from various sources,with around 30% coming from Thailand, said Mr Kun.
Demand from India has been a big factor in the rise of global sugar prices to a 28-year high in recent weeks.
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