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Indian exports could cap global sugar prices, traders said, by increasing supplies in the world market at a time when dry weather is widely expected to reduce shipments from top producer Brazil
Households have reduced spending on the food item for two decades now, but its production keeps increasing
The country's sugar production dipped 2.48 per cent to 22.36 million tonnes till February 15 of the ongoing 2023-24 marketing year, as per the industry body ISMA's latest data. Sugar production stood at 22.93 million tonnes in the year-ago period. Sugar marketing year runs from October to September. In its second estimate, the Indian Sugar Mills Association (ISMA) has projected sugar output to decline by 10 per cent to 33.05 million tonnes in the current 2023-24 marketing year as against 36.62 million tonnes in the previous year. According to ISMA, sugar production in Maharashtra, Karnataka, Gujarat, and Tamil Nadu remained lower till February 15 of the ongoing marketing year. However, sugar output in Uttar Pradesh -- the country's second largest producer of the sweetener -- was higher at 6.77 million tonnes as against 6.12 million tonnes in the period under review. The production in Maharasthra -- the country's largest producing state of sugar -- was down at 7.94 million tonnes t
Sugar output could be even lower in the next crop year, which runs to September 2025
According to the NFCSFL, the country's overall sugar production was down on account of lesser output in Maharashtra and Karnataka
The trade body did not provide an estimate for net sugar production after the diversion of sucrose for ethanol production, but it stated that the output would exceed the country's annual consumption
India's sugar production fell 3 per cent to 299.6 lakh tonnes in the first six months of the 2022-23 marketing year ending September, according to industry body ISMA. Sugar output stood at 309.9 lakh tonnes in the corresponding period of the previous year. The sugar marketing year runs from October-September. As per the data, sugar production in Uttar Pradesh rose to 89 lakh tonnes during October 2022-March 2023 period from 87.5 lakh tonnes in the year-ago period. Maharashtra's sugar production fell to 104.2 lakh tonnes from 118.8 lakh tonnes, while output in Karnataka declined to 55.2 lakh tonnes from 57.2 lakh tonnes. ISMA has projected production for 2022-23 to 340 lakh tonnes against 358 lakh tonnes in the 2021-22 marketing year.
India has a cushion to export additional 1 million tonnes of sugar this year if the domestic output reaches the estimated 33.6 million tonnes, a senior food ministry official said on Monday. Sugar availability is comfortable in the country even as the total sugar production is pegged lower at 33.6 million tonnes in the ongoing 2022-23 marketing year (October-September), he said. Sugar production stood at 35.9 million tonnes in the 2021-22 marketing year. "Next month, we will get concrete data of sugar production and then we will take a call on further sugar exports, " Additional Secretary in the food ministry Subhod Kumar told reporters. Sugar production has reached 24.7 million tonnes till February of the ongoing 2022-23 marketing year, he said. "More exports are possible and we have a cushion for exports of additional one million tonnes, suppose the overall production reaches the estimated 33.6 million tonnes this year," the official said. The government has allowed export of 6
Maharashtra, which accounts for more than a third of the country's sugar output, could produce 12.8 million tonnes of sugar in the 2022/23 marketing year that began on Oct. 1
Lower sugar exports from India, also the world's second biggest exporter, could lift global prices and allow rivals Brazil and Thailand to increase their shipments
India is expected to produce around 36.5 million tonnes of sugar in the new season that began on Oct 1, a leading industry body said on Monday
India has emerged as the world's largest producer and consumer of sugar and its second largest exporter
He also argued that the sugar industry should try to create avenues through which ethanol could be sold directly to the automobile industry
India is set to allow sugar exports in two tranches for the next season beginning in October, as the world's biggest producer of the sweetener tries to balance the interests of farmers and consumers
India has exported around 8.5 million tonnes of sugar since the current season began on Oct 1, with exporters likely to contract another 1.5 million tonnes for overseas sales in the next five months
Govt wants to ensure ample supply during festive season, say sources; sugar companies' stocks slide
Sugar mills had manufactured 17.70 million tonnes of sugar in the corresponding period of the previous 2020-21 marketing year (October-September)
India is the world's second-biggest sugar producer and the higher output could weigh on global prices
India's sugar production rose 24% to 20.9 lakh tonnes during October 1-November 15 on higher output in Maharashtra and Karnataka
The country is the world's second-biggest sugar producer and the higher output could weigh on global prices