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Aadhira Anand | The Dollar Business The sugar exports in India has halted as the dealers have refused to sign new contracts in the past five days. The decision to not sign the contracts was taken, when local prices saw a raise though there were expectations of a lower output, confirmed the trade sources on Tuesday. India has contracted to export 1.6 million tons of sugar since October 1st and has already exported 1.3 million tons so far. India is the world’s largest producer of sugar after Brazil. Mohammed Rafique, owner of Samba Impex said that, “the rise in prices and the expected low output has stalled the export of the product. Climatic condition is one of the reasons for the expected low output. ...

The Dollar Business Bureau Brazil’s External Relations Minister Mauro Vieira is on a four-day visit to India to co-chair the 7th India-Brazil Joint Commission Meeting with External Affairs Minister Sushma Swaraj from November 17-20. India and Brazil have reviewed their bilateral trade engagements and agreed to enhance cooperation and explore potential industries for two-way investments. Brazil’s External Relations Minister Mauro Vieira is on a four-day visit to India to co-chair the 7th India-Brazil Joint Commission Meeting with External Affairs Minister Sushma Swaraj from November 17-20. On Thursday, both sides underscored the need to hold more such meetings to review bilateral trade and exchange views on regional, multilateral and global matters. The two ministers agreed to hold the trade monitoring mechanism and CEOs ...