Al Khaleej refinery of Dubai, UAE, bought at least 300,000 tonnes of Indian sugars so far in calendar 2012, displacing traditional origin Brazil due to India’s cost advantages, European traders said on Thursday..
The Al Khaleej Dubai refinery was not immediately available for comment.
India, the world’s No.2 sugar producer after Brazil, has an exportable surplus this year, and a big freight advantage over Brazil for the Dubai refinery, which can potentially process up to around two million tonnes of raw sugar a year.
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