After a flurry of deals earlier in the season, India's overseas sugar sales slowed in recent months as supplies from Brazil increased and global sugar futures fell to their lowest level in over 4 yrs
India exported 2,87,204 tonnes of sugar till April 8 of the ongoing 2024-25 marketing year with maximum shipments of 51,596 tonnes to Somalia, trade body AISTA said on Wednesday. The sugar marketing year runs from October to September. Sugar exports for the 2024-25 marketing year in India were allowed on January 20, 2025. The total quantity permitted for export is one million tonnes. According to the All India Sugar Trade Association (AISTA), mills have exported a total of 2,87,204 tonnes of sugar till April 8 of the current marketing year. About 17,837 tonnes of sugar is under loading, it said. Of the total exports undertaken so far, maximum shipments have been to Somalia at 51,596 tonnes, followed by the Afghanistan at 48,864 tonnes, Sri Lanka at 46,757 tonnes, and Libya at 30,729 tonnes. India exported 27,064 tonnes to Djibouti, 21,834 tonnes to the UAE, 21,141 tonnes to Tanzania, 5,589 tonnes to Bangladesh and 5,427 tonnes to China in the said period. AISTA said the pace of s
Sugar has a combined weight of 1.13 per cent in the consumer price index (CPI). This is lower than rice, wheat and refined edible oils
This could add to food inflation and discourage New Delhi from allowing sugar exports, supporting global prices which are near their highest in more than a decade
The uneven monsoon in 2023 means that industry is already beginning to factor in a drop in production in Maharashtra, Karnataka and Gujarat
The Centre slashed subsidy on sugar exports from Rs 6,000 per tonne to Rs 4,000 per tonne with immediate effect in view of firm global prices
The core issue is that China, which recovered faster from Covid, revved up export economy and is paying premiums for containers, making it more profitable to send them back empty than to refill them
The price of the contract had breached the 4,000-rupee level to reach a record high in February