Exports may reach 3 mt in drive to reduce stocks

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SummaryDubai, Saudi Arabia, Yemen, Bahrain and Egypt would also turn to India for raw sugar, he added.

Jonathan Kingsman, the head of agriculture for data and information provider Platts, told Reuters India may export 1 million to 3 million tonnes of sugar in the new season, with demand likely to come from Indonesia and the Middle East.

"Indonesia's economy is doing very well, overall consumption is rising and there is more demand for processed food, making it a very big market now," said Kingsman. Kingsman gave no estimates for exports in the current crop year ending

September.

New refineries are coming up in Indonesia and the Middle East, giving India an opportunity to tap the demand in these emerging markets, said Kingsman.

Dubai, Saudi Arabia, Yemen, Bahrain and Egypt would also turn to India for raw sugar, he added.

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