Indian mills waiting to export 1.5 MT sugar after selling 8.5 MT: Report

India has exported around 8.5 million tonnes of sugar since the current season began on Oct. 1, with exporters likely to contract another 1.5 million tonnes for overseas sales in the next five months, trade and government sources said on Thursday.

India, the world's biggest sugar producer and consumer, on May 24 imposed restrictions on exports of the sweetener for the first time in six years by capping exports at 10 million tonnes.

The government also asked exporters to seek export permits, or authorisation, for any overseas shipments between June 1 and Oct. 31.

"Until the restriction to register cargoes with us came