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India, which banned rice exports, may also block sugar exports; production plummets due to drought

Sugar
India
Published Aug 8, 2023

Tridge summary

India, which recently banned rice exports, may also restrict sugar exports due to concerns about decreased sugarcane production caused by reduced rainfall in key growing regions. The country's sugar production is expected to decline this year, but it is sufficient to meet domestic demand. However, if India limits sugar exports, it could have an impact on international grain prices, as India is the second largest exporter of sugar after Brazil.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

There was a warning that India, which banned rice exports last month, may also put a brake on sugar exports. There are concerns that phosphorus sugarcane production may decrease. Rainfall in Maharashtra, India's main sugarcane growing region, has fallen by 71% compared to normal. Rainfall in Karnataka, southern India, which produces the third largest sugar cane, also decreased by 55%. Shrikant Ingale, a farmer in Solapur, Maharashtra, told Reuters, “Last year in June and July, there was little precipitation, so sugar Sorghum yields have fallen, and the same weather pattern continues this year.” Sugar production is expected to fall 3.4 per cent year-on-year to 31.7 million tonnes this year. This is sufficient to meet India's domestic demand. However, as India plans to use more sugar cane for biofuels starting this year, there is a possibility that the Indian government will draw a knife on sugar exports. will probably take similar (export restrictions) measures for sugar,” he said. ...
Source: Donga
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