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
India will not bar outbound shipments as the world's second-biggest producer will have enough stockpiles at the end of this season on Sept. 30, even after a drop in production
India last month allowed exports of 1 million metric tons of sugar during the current season to September 2025 to help mills of the world's second-biggest producer export surplus stocks
Although there had been speculation for weeks that exports would be allowed, the decision surprised some traders as this season's production is expected to fall below consumption
ISMA has urged the government to permit sugar exports immediately, citing favourable global market conditions
India's export competitiveness has witnessed healthy gains in multiple sectors -- particularly petroleum, gemstones, agrochemicals and sugar -- during the last five years, as these segments have increased their share in global trade, according to the commerce ministry data. The other sectors where the share of India's exports has increased during 2018 and 2023 are electrical goods, pneumatic tyres, taps and valves, and semiconductor devices. The ministry data analysis showed that petroleum exports rose to USD 84.96 billion in 2023, with India's market share surging to 12.59 per cent last year from 6.45 per cent in 2018, positioning it as the second-largest global exporter. It was ranked fifth in 2018. In the precious and semi-precious stones segment, the country's share in global shipments has soared to 36.53 per cent last year from 16.27 per cent in 2018. It has propelled the country to the top position in the category, with exports reaching USD 1.52 billion in 2023 from USD 0.26 .
The sugar supply situation that has turned positive in the last few months will continue to remain comfortable next season as well
New Delhi also plans to raise the price at which oil companies buy ethanol from sugar mills as part of efforts to boost supplies of the biofuel, said the sources
The government wants to make sure there's enough sugar for the local market at reasonable prices, and on using more cane to produce ethanol
The government on Monday ruled out possibility of allowing sugar exports in the current 2023-24 season ending October, the industry's persistent demand notwithstanding. Currently, there are curbs on export of sugar for an indefinite period. However, Indian Sugar Mills Association (ISMA) has requested the government to allow export of 10 lakh tonne of sugar in the 2023-24 season, anticipating healthy closing stock by the season-end. "As of now, the government is not considering sugar exports although the industry has demanded," a senior food ministry official told PTI. The country's sugar production crossed 30 million tonne till March of the ongoing 2023-24 season. ISMA has revised net sugar production estimate for 2023-24 season to 32 million tonne. The government has estimated sugar output at 31.5-32 million tonne. Meanwhile, the government is considering allowing sugar mills to use excess stock of B-heavy molasses for ethanol production this year.
Households have reduced spending on the food item for two decades now, but its production keeps increasing
Move seeks to ensure adequate quantities for ethanol blending and keep inflation in check
The world's second-largest producer of wheat, rice and sugar, India has restricted exports of these commodities to rein in rising domestic prices
Industry body ISMA on Friday said the "sudden" ban on the use of cane juice for ethanol will have an adverse impact on capacity utilisation of mills, putting at "risk" their Rs 15,000 crore investment in the last three years to set up plants for green fuel. It also fears that there could be a delay in payments to sugarcane farmers. The Centre recently banned use of cane juice for ethanol in view of likely drop in sugar production during 2023-24 marketing year (October-September). Indian Sugar Mills' Association (ISMA) demanded that the government revise soon the prices of ethanol made from B-heavy and C-heavy mollases, a by-product of sugar, to improve the financial health of the millers. "The sudden ban on use of sugar cane juice/syrup for ethanol in 2023-24 supply year with immediate effect, is a big deterrent for the sugar industry," ISMA President Aditya Jhunjhunwala said at its 89th annual general meeting. The ban has put the industry in a difficult situation, he said, and ur
Government sources told Reuters in August that the South Asian country would ban mills from exporting sugar in the season beginning October
Additionally, the government is likely to extend the current restrictions on sugar exports indefinitely after October 31
Monsoon rain this year was the lowest since 2018 due to the El Nino weather pattern
Analysts expect lower output to keep sugar prices elevated at least for the next year, driving gains for the sector
India relies on rains to irrigate about half of its farmland, received 820 millimeters (32.3 inches) of rainfall during the June-September monsoon season, 6% less than the long-term
NEW DELHI (Reuters) - India is unlikely to export sugar in 2023-24 season as output will be less than a year earlier, Kona Haque, head of research at ED&F Man Commodities said on Thursday.