Government says prices won't rise; closing stock levels seen among lowest in last 10 years
Sugar exports have jumped over 2.5 fold between October 2021 and February this year to 47 lakh tonnes on higher production and better demand of the Indian sweetener in the global market
Indian sugar production was expected to climb to 33.3 million tonnes in the 2021/22 season, up from the prior season's 31.2 million: Director General of the Indian Sugar Mills Association
The country has physically exported 4.2 MT of sugar till February of the current marketing year, against the export contracts already undertaken for shipment of six million tonne: ISMA
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 likely to produce 31.45 million tonnes of sugar in 2021/22 marketing year, nearly 3.1% more than the previous estimate, as output is set to jump in the key western state of Maharashtra
India is the world's second-biggest sugar producer and the higher output could weigh on global prices
The appeal was filed by India in the WTO's Appellate Body, which is the final authority on such trade disputes
Sugar output was at 31.18 million tonnes in the 2020-21 season
India, the world's second largest sugar producer, can export 6 million tonne of the sweetener in the 2021-22 season commencing next month, taking advantage of the firm global market, ISMA said
It is likely to decline as more sugarcane will be diverted for ethanol making, a senior government official said on Monday.
New Delhi is expected to withdraw sugar export subsidies from the new season as a sharp rise in prices makes it easier for Indian mills to sell on the world market, a govt official said
Sugar mills have exported 5.11 million tonnes of the sweetener so far in the ongoing 2020-21 marketing year ending September, with maximum shipments to Indonesia, trade body AISTA said on Thursday
The government will fast-track an ethanol program that will divert as much as 6 million tons of sugar toward fuel production annually by 2025, according to the food ministry
Creation of a new cooperation ministry led by India's second-most powerful politician signals disruption, points to new farmer-friendly policies ahead of 2024 national polls
This will come despite likely diversion of 3.4 million tonnes sugar towards ethanol
The sugar marketing year runs from October to September.
Data shows that in the 10-year period from 2010-11 to 2020-21, India's annual sugar production exceeded domestic consumption in all the years, except 2016-17
Sugar production rose by 13% to 30.56 million tonnes in the first eight months of the current marketing year ending September, mainly due to higher output in Maharashtra, according to trade data
Mills have so far contracted around 5.8 million tonnes of sugar out of the export allocation of 6 million tonnes