India is likely to export more than 2 million tonnes of sugar in 2014/15 as the top consumer is set to produce a surplus of the sweetener for the fifth straight year despite chances of reduced rainfall, a commodities executive said on Monday.
The continued exports from the world's second biggest producer would put pressure on global prices. Sugar prices have fallen about 13 percent after hitting a one-year high above 20 cents a pound in October, dragged lower by an estimated 4.4-million-tonne overhang in 2013/14, according to the International Sugar Organisation.
