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

Published 2023년 3월 21일

Tridge summary

India, the world's largest sugar producer, is expected to see a decrease in sugar production in the 2022/23 crop year, leading to a potential rise in global sugar prices. The government has allowed mills to export 6.1 million tonnes of sugar, but there are plans for a second batch of exports. However, the government is waiting for production numbers before making a decision. Adverse weather conditions have affected sugarcane crops in Maharashtra and Karnataka, leading to a decrease in yield. As a result, India, which is a major exporter of sugar to countries like Indonesia, Bangladesh, and Malaysia, may not be able to export as much sugar this season.

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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