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India may allow exports of 1.5 to 2 mln tn sugar and increase diversion of the sweetener towards the production of ethanol next season due to surplus stocks, Girishkumar Kadam, senior vice-president and group head at Investment Information and Credit Rating Agency said at a webinar today. In the upcoming 2024-25 (Oct-Sep) sugar season, gross production will be 34 mln tn and net production after diversion will be 30 mln tn, he said.
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