India’s sugar exports reach all time high in USD terms

Published Apr 19, 2022

Tridge summary

India's sugar exports have seen a significant increase, growing by 291% from USD 1,177 million in FY 2013-14 to USD 4600 million in FY 2021-22. Despite the challenges posed by the Covid-19 pandemic, sugar export volumes rose by 65% in 2021-22. The country exported sugar to 121 countries, with Indonesia, Bangladesh, Sudan, and the UAE being the top importers. The majority of sugar production in India is concentrated in Uttar Pradesh, Maharashtra, and Karnataka. The government's policies have aimed to increase farmers' income by tapping global markets, contributing to a surplus in sugar production since 2010-11. Despite the record exports, the government plans to continue measures to reduce stocks and benefit sugarcane farmers.

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

Original content

India’s sugar exports witnessed an astounding growth of 291 per cent from USD 1,177 million in FY 2013-14 to USD 4600 million in FY 2021-22. As per DGCIS (Directorate General of Commercial Intelligence and Statistics) data, India exported sugar to 121 countries across the globe. Sugar export jumped 65 per cent in 2021-22 corresponding to the previous year. The growth was achieved despite logistical challenges posed by Covid-19 pandemic in the form of high freight rates and container shortages. Highlighting the historic achievement in a tweet, Union Minister for Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Piyush Goyal said that Modi government’s policies were helping farmers increase their income by tapping global markets. According to the DGCIS data, India had exported sugar worth of USD 1965 million in 2019-20, which rose to USD 2790 million in 2020-21 and USD 4600 million in 2021-22. Ministry of Commerce & Industry, Government of India, in ...

Source: Agriculture Post