The number of larger bulk carriers shipping sugar from Brazil to India is rising, as the country’s imports increase substantially after a crop failure in the last season, writes Liz McCarthy of Lloyd’s ListThe number of larger bulk carriers shipping sugar from Brazil to India is rising, as the country’s imports increase substantially after a crop failure in the last season, writes Liz McCarthy of Lloyd’s List. Although India is normally one of the world’s largest sugar manufacturers and exporters, the country has become a net importer in 2009. “It is fair to say that India is currently influencing the sugar market,” said London-based Steve Baldey, from OP Secretan, a shipbroker specialising in the sugar trades.
India could revert to exporting sugar within the next one or two years dependent on its production over the next season, Mr Baldey said.
