Sugar Exports

India's export competitiveness has witnessed healthy gains in multiple sectors -- particularly petroleum, gemstones, agrochemicals and sugar -- during the last five years, as these segments have increased their share in global trade, according to the commerce ministry data. The other sectors where the share of India's exports has increased during 2018 and 2023 are electrical goods, pneumatic tyres, taps and valves, and semiconductor devices. The ministry data analysis showed that petroleum exports rose to USD 84.96 billion in 2023, with India's market share surging to 12.59 per cent last year from 6.45 per cent in 2018, positioning it as the second-largest global exporter. It was ranked fifth in 2018. In the precious and semi-precious stones segment, the country's share in global shipments has soared to 36.53 per cent last year from 16.27 per cent in 2018. It has propelled the country to the top position in the category, with exports reaching USD 1.52 billion in 2023 from USD 0.26 .

The sugar supply situation that has turned positive in the last few months will continue to remain comfortable next season as well

New Delhi also plans to raise the price at which oil companies buy ethanol from sugar mills as part of efforts to boost supplies of the biofuel, said the sources

The government wants to make sure there's enough sugar for the local market at reasonable prices, and on using more cane to produce ethanol

The government on Monday ruled out possibility of allowing sugar exports in the current 2023-24 season ending October, the industry's persistent demand notwithstanding. Currently, there are curbs on export of sugar for an indefinite period. However, Indian Sugar Mills Association (ISMA) has requested the government to allow export of 10 lakh tonne of sugar in the 2023-24 season, anticipating healthy closing stock by the season-end. "As of now, the government is not considering sugar exports although the industry has demanded," a senior food ministry official told PTI. The country's sugar production crossed 30 million tonne till March of the ongoing 2023-24 season. ISMA has revised net sugar production estimate for 2023-24 season to 32 million tonne. The government has estimated sugar output at 31.5-32 million tonne. Meanwhile, the government is considering allowing sugar mills to use excess stock of B-heavy molasses for ethanol production this year.

Households have reduced spending on the food item for two decades now, but its production keeps increasing

Move seeks to ensure adequate quantities for ethanol blending and keep inflation in check

The world's second-largest producer of wheat, rice and sugar, India has restricted exports of these commodities to rein in rising domestic prices

Industry body ISMA on Friday said the "sudden" ban on the use of cane juice for ethanol will have an adverse impact on capacity utilisation of mills, putting at "risk" their Rs 15,000 crore investment in the last three years to set up plants for green fuel. It also fears that there could be a delay in payments to sugarcane farmers. The Centre recently banned use of cane juice for ethanol in view of likely drop in sugar production during 2023-24 marketing year (October-September). Indian Sugar Mills' Association (ISMA) demanded that the government revise soon the prices of ethanol made from B-heavy and C-heavy mollases, a by-product of sugar, to improve the financial health of the millers. "The sudden ban on use of sugar cane juice/syrup for ethanol in 2023-24 supply year with immediate effect, is a big deterrent for the sugar industry," ISMA President Aditya Jhunjhunwala said at its 89th annual general meeting. The ban has put the industry in a difficult situation, he said, and ur

Government sources told Reuters in August that the South Asian country would ban mills from exporting sugar in the season beginning October

Additionally, the government is likely to extend the current restrictions on sugar exports indefinitely after October 31

Monsoon rain this year was the lowest since 2018 due to the El Nino weather pattern

Analysts expect lower output to keep sugar prices elevated at least for the next year, driving gains for the sector

India relies on rains to irrigate about half of its farmland, received 820 millimeters (32.3 inches) of rainfall during the June-September monsoon season, 6% less than the long-term

NEW DELHI (Reuters) - India is unlikely to export sugar in 2023-24 season as output will be less than a year earlier, Kona Haque, head of research at ED&F Man Commodities said on Thursday.

With the world sugar production in 2023-24 poised to go into deficit due to expected drop in production in Thailand, India remains among the very few countries which is in a position to export sugar

"Indian exports for the coming season look more likely they will be canceled, at least until after the election," said Michael McDougall, managing director at Paragon Global Markets

The curbs on rice now cover all varieties that the South Asian nation ships to overseas markets, further tightening global supply

India on Friday notified sugar exports of 5,841 tonnes to the European Union under the tariff-rate quota (TRQ) scheme for 2023-24 (October 2023 to September 2024). TRQ is a quota for a volume of exports that enters the European Union (EU) with relatively low tariffs. After the quota reaches its limit, a higher tariff is applicable to additional shipments. "The Director General of Foreign Trade hereby allocates quantity of 5,841 MT for export of sugar to EU from India under TRQ for the year 2023-24 (October 2023 to September 2024)," an official notification said. It said that a Certificate of Origin, if required, for preferential export of sugar to EU, shall be issued by the Additional Director General of Foreign Trade, Mumbai on the recommendation of APEDA regarding the entity and quantity for which it is eligible. The quota will be operated by the Agriculture and Processed Food Products Export Development Authority (APEDA) as the implementing agency for the export of TRQ items to

The uneven monsoon in 2023 means that industry is already beginning to factor in a drop in production in Maharashtra, Karnataka and Gujarat