Page 2 - Sugar Exports

Govt to retain curbs on sugar exports to ensure adequate domestic supplies

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

Govt rules out possibility of permitting sugar exports in 2023-24 season

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.

India's perpetual sugar glut needs ethanol and export support

Households have reduced spending on the food item for two decades now, but its production keeps increasing

Govt imposes 50% export duty on molasses; extends lower duty on edible oils

Move seeks to ensure adequate quantities for ethanol blending and keep inflation in check

'Indian agri trade curbs to cut exports by $4 bn, Red Sea attacks a risk'

The world's second-largest producer of wheat, rice and sugar, India has restricted exports of these commodities to rein in rising domestic prices

Rs 15K cr at risk due to sudden ban on cane juice for making ethanol: ISMA

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

Centre extends restriction on export of sugar beyond October: Govt order

Government sources told Reuters in August that the South Asian country would ban mills from exporting sugar in the season beginning October

Centre mulls stock limit on sugar if full disclosure doesn't come by Oct 17

Additionally, the government is likely to extend the current restrictions on sugar exports indefinitely after October 31

Centre set to restrict sugar exports after poor monsoon rains: Report

Monsoon rain this year was the lowest since 2018 due to the El Nino weather pattern

Analysts selective on sugar stocks as higher prices keeps outlook upbeat

Analysts expect lower output to keep sugar prices elevated at least for the next year, driving gains for the sector

Poorest monsoon in five years likely to dim India's sugar export outlook

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

India unlikely to export sugar in 2023-2024, says ED&F Man Commodities

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.

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

Raw sugar heads toward two-month high on concern over Indian exports

"Indian exports for the coming season look more likely they will be canceled, at least until after the election," said Michael McDougall, managing director at Paragon Global Markets

Central govt's restrictions on rice exports puts wheat and sugar in focus

The curbs on rice now cover all varieties that the South Asian nation ships to overseas markets, further tightening global supply

Govt fixes sugar exports quota at 5,841 tn for EU under TRQ scheme

India on Friday notified sugar exports of 5,841 tonnes to the European Union under the tariff-rate quota (TRQ) scheme for 2023-24 (October 2023 to September 2024). TRQ is a quota for a volume of exports that enters the European Union (EU) with relatively low tariffs. After the quota reaches its limit, a higher tariff is applicable to additional shipments. "The Director General of Foreign Trade hereby allocates quantity of 5,841 MT for export of sugar to EU from India under TRQ for the year 2023-24 (October 2023 to September 2024)," an official notification said. It said that a Certificate of Origin, if required, for preferential export of sugar to EU, shall be issued by the Additional Director General of Foreign Trade, Mumbai on the recommendation of APEDA regarding the entity and quantity for which it is eligible. The quota will be operated by the Agriculture and Processed Food Products Export Development Authority (APEDA) as the implementing agency for the export of TRQ items to

Is the fairy tale of India's sugar sector facing multiple challenges?

The uneven monsoon in 2023 means that industry is already beginning to factor in a drop in production in Maharashtra, Karnataka and Gujarat

India's rice export ban now sparks concern that sugar might be next

The rice export ban is a clear signal the government is concerned about food security and inflation, said Henrique Akamine, head of sugar and ethanol at Tropical Research Services

Sugar mills export entire quota of 6.1 mn tonnes, cash in on high prices

Mills were getting more than Rs 50,000 ($604.6) per tonne from the overseas sale against the local price of 36,500 rupees, dealers said

Sugar getting even pricier now poses new threat to global food inflation

Prices of refined sugar surged to the highest in more than a decade this week, while the raw variety is near to the costliest in over six years