India's MMTC tenders to export 200,000 T sugar

MMTC

09/06/2018 08:19

MUMBAI, June 9 (Reuters) - India's state-run MMTC Ltd
 MMTC.NS  has floated a tender for export of 200,000 tonnes of
white sugar in the next four months, according to its website.
    The last date for submission of bids is June 26, the company
said in a statement on its website.
    India, the world's second biggest sugar producer, has been
trying to export surplus output in an attempt to prop up local
prices.
    Earlier this week the country decided to build a 3 million
tonne stockpile of sugar and grant soft loans worth 44.4 billion
rupees ($661.40 million) to help millers expand ethanol output
capacity.  urn:newsml:reuters.com:*:nL3N1T83O6

 (Reporting by Rajendra Jadhav; Editing by Michael Perry)
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