News

ISMA: India's sugar output down 1% in the crop year 2022/23

Sugar
India
Published Mar 22, 2023

Tridge summary

Lower sugar production from India, the world's largest producer of sweeteners, will hardly generate any surplus for additional exports in the current season. The government allows mills to export only 6.1 million tonnes of sugar in the 2022/23 crop year, but Prime Minister Narendra Modi's government is expected to allow a second batch of exports. Earlier this year, an industry official said there was a proposal to allocate an additional export quota of about 400,000 tons to sugar mills that are producing ethanol directly from sugarcane juice. But the proposal was not approved because the government wanted to see actual production numbers before making a decision. In the previous crop year 2021/22, India exported a record 11.2 million tonnes of sugar. Therefore, the country's absence from the market may cause global sugar prices to rise and rivals Brazil and Thailand to boost exports. India mainly exports sugar to Indonesia, Bangladesh, Malaysia, Sudan, Somalia and UAE.

Original content

Lower sugar production from India, the world's largest producer of sweeteners, will hardly generate any surplus for additional exports in the current season. The government allows mills to export only 6.1 million tonnes of sugar in the 2022/23 crop year, but Prime Minister Narendra Modi's government is expected to allow a second batch of exports. Earlier this year, an industry official said there was a proposal to allocate an additional export quota of about 400,000 tons to sugar mills that are producing ethanol directly from sugarcane juice. But the proposal was not approved because the government wanted to see actual production numbers before making a decision. In the previous crop year 2021/22, India exported a record 11.2 million tonnes of sugar. Therefore, the country's absence from the market may cause global sugar prices to rise and rivals Brazil and Thailand to boost exports. India mainly exports sugar to Indonesia, Bangladesh, Malaysia, Sudan, Somalia and UAE. At the ...
Source: Vinanet
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