India's sugar exports in a sweet spot despite WTO subsidy ruling

Brazil's low crop will continue to make India one of the major suppliers of the sweetener

The Indian sugar industry is not worried about the World Trade Organization (WTO) panel’s ruling on subsidies — either on the current export potential or the future prospects of the sweetener.

A big reason for the optimism is that in the 2021-22 sugar season (that started in October), 3.8 million tonnes (mt) of a potential 6 mt of exports have been contracted without any subsidy.

According to trade and industry sources, the trend might sustain through the next sugar season (2022-23) since sugar might be in short supply due to low production in Brazil — one of the world’s largest