Dubai refinery buys further 500,000 t India sugar

Subscribe to Oneindia News

LONDON, Nov 14 (Reuters) Dubai's Al Khaleej Sugar Co.refinery concluded a deal last week to buy 500,000 tonnes of Indian raw sugar for delivery spread over the 2007/08 crop year, the refinery's general manager Cyrus Raja said on Wednesday.

He told Reuters in a telephone interview from Dubai that the refinery has contracted to buy a total of about one million tonnes of Indian raw sugar so far.

He gave no details of prices.

Raja said the first Indian raw sugar delivery, which was contracted months ago, was expected to reach Dubai in about one week's time.

REUTERS PY BD2200

Please Wait while comments are loading...