Friday, December 13, 2019
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Indian polls add bounce to sugar demand

MUMBAI: Namdev Desai, manager of a small restaurant near the ruling Congress party’s office in south Mumbai, has stocked up on cold sugary drinks in the past few weeks to quench the thirst of party workers during India’s ongoing general elections.
As the campaign picks up pace in the scorching summer heat, sales of these drinks will soar, potentially boosting demand for sugar in top consumer India to a record high this month.
At the same time, the surge in demand for sugar would divert supply away from exports and support global sugar prices that have shed more than 5 percent so far in April.