India faces difficulties in meeting sugar export quota

Published Feb 12, 2025

Tridge summary

India's sugar exports have reached 500,000 metric tonnes this season, with the majority going to neighboring countries and East Africa, but the government's 1 million tonne export quota may not be met due to mill closures and poor harvest conditions. Experts predict that no more than 700,000 tonnes will be exported by September. The decision to allow sugar exports was unexpected as stocks are expected to fall due to crop problems. However, the outlook for the 2025/26 sugarcane crop is currently more favorable.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

By Mohamed Ezz DUBAI (Reuters) - India has exported as much as 500,000 metric tonnes of sugar so far this season, but the pace is already slowing and it may be difficult for the country to meet the 1 million tonnes allowed by the government, trade and industry sources said on Wednesday. “There are fears that the one million (tonne) quota may actually be reduced,” Prakash Naiknavare, managing director of the National Federation of Cooperative Sugar Factories, told Reuters on the sidelines of the annual Dubai Sugar Conference. India last month allowed the export of 1 million metric tonnes of sugar during the current season, until September 2025, to help mills in the world’s second-largest producer offload surplus stocks and support local prices. Naiknavare said exports so far had totalled about 500,000 tonnes and were concentrated mainly in neighbouring Sri Lanka, Bangladesh and Nepal, as well as in East Africa. Shashikant Pandhare, head of research at Meir India, estimated that ...

Source: NoticiasAgricolas