Sugar Exports

Last year, India, the world’s biggest sugar producer after Brazil, banned exports of the sweetener for the 2022-23 season, halting shipments for the first time in seven years, as a drought cut cane yields and hit output.

Govt awaits first advanced crop estimates to decide on sugar allocation for exports

An erratic monsoon and deficient rain in key cane growing states have put any export plans on hold till the government has a clear idea about how the crop output is looking.

Govt orders mandatory weekly disclosure of sugar stocks to check hoarding

The information will have to be updated every Monday on the portal of the Department of Food and Public Distribution. This mandatory weekly disclosure is a proactive step by the Union government to maintain a balanced and fair sugar market

India's ethanol program will cap future sugar exports - BMI report

BMI says that there is currently a fast development of additional capacity to produce ethanol in India, where the biofuel is made mainly from sugarcane.

Govt unlikely to permit additional sugar exports this year due to slight fall in production

The food ministry has allowed 6 million tonnes of sugar exports for the current 2022-23 marketing year (October-September). Out of which, about 4 million tonnes have been exported so far, as per the trade report.

Govt won’t allow new sugar exports to prevent domestic shortage

The Indian government will assess domestic supply and demand again in March, when cane crushing nears its end, before taking a call on exports, the people said.

India's sugar exports at 27.83 lakh tonnes in 2022-23 so far: AISTA

Among other nations, India has exported 2.47 lakh tonnes of the sweetener to Djibouti, 2.46 lakh tonnes to Somalia and 2.06 lakh tonnes to the UAE during October-February 9 of the current marketing year, the All India Sugar Trade Association (AISTA) said in a statement.

Sugar export may decline 28.57% to 8 million tonnes in next season: Senior food ministry Official

According to a senior food ministry official, the nation's sugar exports are predicted to fall by 28.57 at roughly 8 million tonne in the 2022–23 season due to anticipated lower opening balance stock and higher diversion for ethanol.

Stringent export cap for new sugar season raises risk quotient

News reports say the government is lowering the amount of sugar that can be exported in the new sugar season. Mills won’t be happy

India could cap sugar exports to augment local stocks: Sources

Any curbs on exports by the world’s second biggest sugar exporter could lift global sugar prices that have been supported by lower output in top producer Brazil and firm crude oil prices, which encourages mills to produce more sugarcane-based ethanol.

Centre approves sugar export applications of 62 mills totaling 10 Lakh MT

Between June 1-June 3, it received 326 applications from sugar mills and exporters requesting for issuance of Export Release Orders (ERO) for a quantity of 23,10,333 metric tons. These applications were received via the National Single Window System.

Prices of wheat, sugar, rice on declining trend after govt measures: Official

Retail prices of wheat, rice, sugar and edible oils are showing a declining trend after the measures taken by the government, including curbs on exports of wheat and sugar, Food Secretary Sudhanshu Pandey said on Thursday.

Government to restrict sugar exports to 10 million tonnes from June 1

The restriction on exports is aimed at ensuring that the closing stock of sugar, as of September 30, 2022, "remains 60-65 LMT", the Ministry of Consumer Affairs said.

Govt may restrict sugar exports at 10 MT this year

The move may be announced in the coming days, Bloomberg reported citing a source. India was the world’s biggest sugar exporter after Brazil last year and counts Bangladesh, Indonesia, Malaysia, and Dubai among its top customers.

Government may limit sugar exports, shares take a sharp knock

The new move to curb sugar export is being seen by some as a new risk to global food prices

India allows additional 2,051 MT raw sugar exports to US under tariff-rate quota

TRQ is a quota for a volume of exports that enter the US at relatively low tariffs.

Sugar exports may jump to 90 lakh tonnes in 2021-22: ISMA

The sugar marketing year runs from October to September.

India's sugar exports may cross 80 lakh tonnes, surpassing previous year level: Food Secretary Sudhanshu Pandey

During the 2020-21 marketing year, the country exported a record 72.3 lakh tonnes of sweetener. The maximum shipments were undertaken with the help of a government subsidy.

India could cap sugar exports to augment local stocks: Report

Any curbs on exports by the world's second biggest sugar exporter could lift global sugar prices that have been supported by lower output in top producer Brazil and firm crude oil prices, which encourages mills to produce more sugarcane-based ethanol.

India's sugar export reaches record 7.23 million tons in 2020-21: AISTA

Maximum exports were undertaken to Indonesia at 1.82 million tonne, followed by Afghanistan (6,69,525 tonne), UAE (5,24,064 tonne) and Somalia (4,11,944 tonne) in 2020-21, it said in a statement.

Indian mills hold off on signing new sugar export deals as local prices jump

Mills are not interested in exporting sugar at a discount to local prices as the government has discontinued an export subsidy in place for the last three years, said another Mumbai-based dealer with a global trading firm.

India likely to withdraw sugar export subsidies from new season

Cashing in on rising sugar prices, Indian traders for the first time have signed export contracts five months ahead of shipments as a likely drop in Brazil's production prompted buyers to secure supplies from India in advance.

Indian mills gear up to make raw sugar for export as global prices rally

Exports from India could cap global prices and help boost supplies in Asia as the world's biggest exporter Brazil is likely to harvest a smaller crop than last year.

Sugar exports set to resume as CCEA approves Rs 6,000 per tonne incentive

The incentive, costing Rs 3,500 crore, would help export 60 lakh tonnes of sugar for the current season ending September next year.

Govt to extend incentives to boost exports: Nirmala Sitharaman

The remarks assume significance as exports fell the 18th month in a row in May, though marginally by 0.79 percent, to USD 22.17 billion as several non-oil sectors such as engineering and gems and jewellery saw a rise in outward shipments. The decline in May was lowest since December 2014.