Isma said opening stocks stood at 5 mt, while ethanol diversion is estimated at around 3.4 million tonnes for the current year
The rally in sugar stocks comes after the government cleared the exports of 1.5 million tonnes of sugar for the 2025-26 sugar season
Sources in the sugar industry said the food ministry has decided to allow exports of 1.5 million tonnes of sugar in 2025-26, but a final nod from a high-powered group of ministers is still awaited
Higher exports from the world's second-largest sugar producer could pressure benchmark New York and London futures, which are hovering near five-year lows
The government is considering allowing sugar exports in the 2025-26 marketing year, as surplus stocks accumulate due to lower-than-expected diversion of the sweetener for ethanol production, a top government official said on Wednesday. The country's sugar mills diverted only 3.4 million tonnes of sugar for ethanol manufacturing in 2024-25, well below the projected 4.5 million tonnes, Union Food Secretary Sanjeev Chopra told PTI in an interview. This has resulted in high opening stocks for the current 2025-26 marketing year that runs from October to September, he said. Sugar production for 2025-26 is expected to reach 34 million tonnes against the annual domestic demand of 28.5 million tonnes, Chopra added. When asked about the industry's demands to allow exports as well as higher diversion for ethanol, Chopra said: "We are definitely having a surplus of sugar... We are considering allowing exports." He hinted that a decision might be taken soon, as the government would like to giv
India is estimated to have exported 7.75 lakh tonnes of sugar in the marketing season that ended September, trade body AISTA said on Sunday, urging the government to announce an early export quota for the new season. The sugar marketing season runs from October to September. Sugar exports for the 2024-25 marketing season in India were allowed on January 20, 2025. The total quantity permitted for export was 10 lakh tonnes. According to the All India Sugar Trade Association (AISTA), mills have exported a total of 7.75 lakh tonne between February and September of the 2024-25 marketing season. Out of which, white sugar exports were at 6.13 lakh tonne, refined sugar 1.04 lakh tonne and raw sugar at 33,338 tonne till September this year. About 21,000 tonnes of raw sugar were delivered to the refinery in SEZ, considered to be deemed exports. Of the total exports undertaken so far, maximum shipments have been to Djibouti at 1.46 lakh tonnes, followed by Somalia at 1.35 lakh tonnes, Sri L
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
With output set to surge, ISMA urges 2 mt export quota and 5 mt ethanol diversion amid growing demand and strong monsoon-linked cane yields
India exported 5.16 lakh tonnes of sugar till June 6 of the ongoing 2024-25 marketing year with maximum shipments of 1,18,553 tonnes to Somalia, trade body AISTA said on Tuesday. 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 10 lakh tonnes. According to the All India Sugar Trade Association (AISTA), mills have exported a total of 5,16,782 tonnes of sugar till June 6 of the current marketing year. Out of which, white sugar exports were at 4.09 lakh tonnes, refined sugar 81,845 tonnes and raw sugar at 25,382 tonnes till June of this year. About 23,219 tonnes of sugar are under loading, it said in a statement. Of the total exports undertaken so far, maximum shipments have been to Somalia at 1,18,553 tonnes, followed by Sri Lanka at 76,401 tonnes, Afghanistan at 72,833 tonnes, and Djibouti at 69,609 tonnes. AISTA had recently said that total
India exported 4.24 lakh tonnes of sugar till April of the ongoing 2024-25 marketing year with maximum shipments of 92,758 tonnes to Somalia, trade body AISTA said on Monday. 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 10 lakh tonnes. According to the All India Sugar Trade Association (AISTA), mills have exported a total of 4,24,089 tonnes of sugar till April 30 of the current marketing year. Out of which, white sugar exports were at 3.27 lakh tonne, refined sugar 77,603 tonne and raw sugar at 18,514 tonne till April of this year. About 25,000 tonnes of sugar are under loading, it said. Of the total exports undertaken so far, maximum shipments have been to Somalia at 92,758 tonnes, followed by Afghanistan at 66,927 tonnes, Sri Lanka at 60,357 tonnes, and Djibouti at 47,100 tonnes. "Looking at the current export scenario, the AISTA expects
India, the world's leading sugar producing country, may export up to 8 lakh tonnes of sugar, lower than the permitted quota of 10 lakh tonnes in the 2024-25 season ending September, a top government official said on Thursday. So far, the country has shipped 3 lakh tonnes of sugar and about 60,000 tonnes is at ports for shipment, a senior food ministry official said. Addressing a press conference, Food Secretary Sanjeev Chopra said, "We will export 8 lakh tonnes out of the total quota permitted." The food ministry has estimated a total sugar output of 26 lakh tonnes in the ongoing 2024-25 season and much of it has already been produced by mills. The country had restricted exports entirely in the previous 2023-24 season due to domestic supply concerns. In January, the exports were permitted for the current season.
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