Jan. 9 (Bloomberg) -- Sugar refineries in the Persian Gulf may switch to using sugar from India, the world’s second-largest producer, according to Swiss Sugar Brokers.
Refineries may buy from the Asian nation instead of top global producer Brazil to exploit a more-than $45 a metric ton difference in freight costs, Naim Beydoun, a broker at the Rolle, Switzerland-based company, wrote in a report e-mailed yesterday.
Al Khaleej Sugar Co., the world’s biggest sugar refiner, is located in Dubai.
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