India plans to tack a 25 percent tax on sugar exports to ensure domestic supplies remain sufficient. Pro Farmer’s First Thing Today reports this could further push up the already elevated global price of the sweetener. India is the world's number two sugar producer, and its supplies have dwindled after two consecutive years of drought in key growing years. In fact, the country is expected to become a net importer of sugar in the 2016-2017 marketing year. Also of note, the Philippines said the country will allow the import of another 100,000 metric tons of raw or refined sugar, possibly from Thailand. This year marks the first time the country has allowed sugar imports in six years.
