Domestic sugar sector has been under pressure as the food ministry has still not issued the sugar export license, despite the Empowered Group of Ministers have approved the sugar export of five lakh tonne. In addition to that there are concerns over rising commodity prices and inflation, which may impact sugar exports further.
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President Barack Obama arrived in Brazil on Saturday for the start of a three-country, five-day tour of Latin America to promote greater economic ties and improved regional security. The trip comes against the backdrop of urgent issues elsewhere in the world, including the possibility of U.S. military action against the regime of Libya s Moammar Gadhafi.
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