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India's sugar exports seen lower than last season on logistics woes

India’s sugar export chances were also seen bright since for the second consecutive year sugar production in Thailand, which accounts for 80-85 percent Indonesia’s sugar imports, is expected to be low.

February 11, 2021 / 18:31 IST
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India’s sugar exports are likely to be at least 25 percent lower during the current sugar season (October 2020-September 2021) owing to “logistics constraints”, particularly due to shortage of container and increase in waiting time for vessels, according to All India Sugar Trade Association (AISTA).

AISTA crop committee, which met on February 6 and made a detailed assessment on production and balance sheet on the commodity, expects sugar exports to drop to 43 lakh tonnes this season against 57 lakh tonnes last season.

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In a statement providing details on production and exports, the association said large movement of grains, including soybean to China, has led to congestion at ports and increased the waiting time for ships.

The 43 lakh tonnes exports do not include the prospects of exports to Iran, the largest buyer of the commodity from India, last year.