World eyes India's sugar output as Centre tightens screws on traders

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

The government on Thursday further tightened the screws on sugar traders, wholesalers, retailers, and processors, and released additional quantities of sugar in the market to tame prices.
 

It asked them to give a report on stocks in hand every week on the government-mandated portal.
 

An early quota of 1.3 million tonnes was released for October. More will come in the month because major festivals are on 

their way.
 

All this, when global sugar players are eyeing India’s production in the 2023-24 season.
 

The 2023-24 sugar season will start in October and production has turned doubtful due to dry conditions in August.