After rice, sugar product is likely to fall into a price storm due to the impact of India's export ban
Sugar
India
Published Aug 16, 2023
Tridge summary
India's sugar cane production is expected to fall for the second consecutive year due to uneven rainfall, raising concerns about limited exports. The Indian government has previously restricted sugar exports, and analysts expect further limitations in the future, which could increase global sugar prices. Vietnam, which relies on sugar imports, may face difficulties meeting its domestic consumption demand as global supply chains are disrupted.
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Original content
Source: markettimes.vn The world is increasingly dependent on sugar exports from this South Asian country as global supply tightens. Uneven rainfall across India's agricultural belts has raised concerns that sugar cane production will fall for the second consecutive year in the season starting in October. This could limit exports. export of India. Earlier, the Government announced restrictions on the export of wheat and certain rice varieties to protect domestic supply and stabilize prices, adding to the strain on global food markets already affected by the weather. bad and conflict in Ukraine. Henrique Akamine, head of sugar and ethanol at the Center for Tropical Research, said the rice export ban was a clear signal that the government was concerned about food security and inflation. “The worry now is that the government might do something similar with sugar cane,” he added. Mr. Aditya Jhunjhunwala, president of the Indian Sugar Mills Association (ISMA), said that there was not ...
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