Asian markets

Not so sweet

Global food protectionism is likely to see a new chapter being written this year as India, which in recent years had emerged as a significant sugar exporter, braces for a drop in production. Already, the government has capped exports for the ongoing production cycle at 6.1 million tonnes, and global sugar prices have seen a surge in recent days.

Chinese shares open mixed

Chinese stocks opened mixed on Wednesday, with the benchmark Shanghai Composite Index up 0.02 per cent, at 3,393.97 points. The…