Indian sugar mills import contracts at high prices paper

Chinese mills in the northern parts of India for $ 510 contract for raw sugar is imported 400000-500000 tonnes - $ 520 per tonne, cost and freight, The Hindu Business Line newspaper said Thursday. Mills as high rates import contract prices fast they seemed, the newspaper said, quoting unnamed sources. On Wednesday India's Kolhapur, Maharashtra, a top producer of sugar in the main market price of Rs 2823.75 ($ 57.9) per 100 kg fell to 0.92 percent. Domestic prices on August 1, 2965 approximately 5 percent after touching a record Rs has fallen. ($ 1 = 48.8 rupees) Reporting (by Mayank Bhardwaj)

Source:/in.reuters.com/article/domesticNews/idINDEL7858420090827