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Indian sugar progress

This article was originally published in The Public Ledger

SUGAR output in India may climb to 28.79m tonnes in the year to September 30, 2008, from an estimated 27.43m tonnes this year, the Foreign Agricultural Service at the US embassy in New Delhi said in a report. Raw sugar prices have declined 45% in the past year as global output heads for a surplus for the first time in four years.

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