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India may need to import sugar as El Niño and ethanol demand keep exports off the market for years
El Nino threatens lowest rainfall in 11 yearsFarmers switch from cane to less water-intensive cropsIndia expands ethanol use despite tighter cane suppliesFormer top exporter may import amid acreage, yield concernsMUMBAI, June 23 — India, once the world’s second-largest sugar exporter, is expected to have little surplus for export for at...
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