After 2 years of export ban, India is about to flood the market with millions of tons of sugar - a commodity that Vietnam produces at a volume of 12 million tons per year.

This move, if approved, marks India's return to the global sugar market after two years of export restrictions due to drought and supply shortages. However, increased exports from this BRICS nation could exert downward pressure on futures sugar prices in New York and London, which are currently hovering near their lowest levels in five years. An unnamed official said: "We have agreed in principle to allow sugar exports this year, based on surplus stocks and the interests of farmers." Other sources said the official order is expected to be issued soon, allowing the export of 1.5 million tons from the crop season starting on October 1, 2025. India's Ministry of Consumer Affairs, Food and Public Distribution has not yet issued an official comment. Over the five years to 2022/23, India was the world's second-largest sugar exporter, with an average of 6.8 million tons per year. However, in 2023/24, the government banned exports to prioritize domestic supply, allowing only about 1 ...