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Price of exported sugar is influenced by factors such as global supply and demand
The price of exported sugar is influenced by several factors, including global supply and demand dynamics, weather conditions affecting sugar crops, and fluctuations in currency exchange rates. Here’s a detailed explanation of how each of these factors impacts sugar prices: Global Supply and Demand: The fundamental law of supply and demand plays a crucial role […]
Sugar exports must meet certain quality standards and specifications
Sugar exports must meet certain quality standards and specifications set by both the exporting and importing countries for several important reasons: Consumer Safety and Health: Quality standards ensure that exported sugar products are safe for consumption. High-quality sugar should not contain harmful contaminants, pathogens, or impurities that could pose health risks to consumers. Meeting these […]