Page 3 - Sugar Exports

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

More sugar exports possible if domestic output reaches as estimated: Govt

India has a cushion to export additional 1 million tonnes of sugar this year if the domestic output reaches the estimated 33.6 million tonnes, a senior food ministry official said on Monday. Sugar availability is comfortable in the country even as the total sugar production is pegged lower at 33.6 million tonnes in the ongoing 2022-23 marketing year (October-September), he said. Sugar production stood at 35.9 million tonnes in the 2021-22 marketing year. "Next month, we will get concrete data of sugar production and then we will take a call on further sugar exports, " Additional Secretary in the food ministry Subhod Kumar told reporters. Sugar production has reached 24.7 million tonnes till February of the ongoing 2022-23 marketing year, he said. "More exports are possible and we have a cushion for exports of additional one million tonnes, suppose the overall production reaches the estimated 33.6 million tonnes this year," the official said. The government has allowed export of 6

No proposal to increase sugar export quota from 6 mn tonnes: Food Secy

The government is not considering any proposal as of now to increase the sugar export quota from the present 60 lakh tonnes for this marketing year ending September, Union Food Secretary Sanjeev Chopra said. The food ministry has allowed 60 lakh tonnes of sugar exports for the current 2022-23 marketing year (October-September). The country had exported around 110 lakh tonnes, an all-time high, of sugar in the 2021-22 marketing year. "The sugar production is going down by about 9 lakh tonnes, that is our estimate from the previous year. So keeping that in view, as of now there is no proposal to increase the export quota," Chopra said on the sidelines of an event on Thursday late evening. When asked that the ministry was to assess domestic production this month before deciding on further exports of sweetener, he said, "The production figures have come down. We have to see this buffer stock requirement first. And once that is met, then only we can take a call." The secretary asserted

India won't allow new sugar exports to prevent domestic shortages

India, which vies with Brazil as the world's biggest sugar producer, will not allow any more exports for now on concern that weaker production will threaten domestic supplies

Govt to raise sugar export quota in March after assessing output estimate

The government will take a call next month on increasing the sugar export quota from the present 60 lakh tonnes for the current marketing year after assessing the domestic production, Food Secretary Sanjeev Chopra said on Wednesday. The food ministry has allowed 60 lakh tonnes of sugar exports for the current 2022-23 marketing year (October-September), which is expected to see a drop in the sugar production. India exported a record 110 lakh tonnes of sugar in the previous year. "We have not yet taken a call. we are closely monitoring the production and we would take a call may be in March depending on what the final figures of anticipated production are," Chopra told reporters here when asked whether the government will hike the sugar export quota. He said the sugar production is estimated to be lower in the 2022-23 marketing year because of bad weather in some producing states. Recently, Indian Sugar Mills Association (ISMA) said that sugar production is estimated to fall 5 per ce

Need a balanced approach

Sugar sector's success has environmental risks

India likely to keep lid on sugar exports as output dips: Reports

India is not looking at allowing more sugar exports, government and industry officials said on Thursday

Govt to take call on increasing sugar export quota next month: Food Secy

Over 1,000 crore litres of ethanol would be required to achieve 20 per cent blending of ethanol with petrol, he said, adding that out of that around 50 per cent will come from sugarcane

Sugar mills enter into contract to export 5.5 mn tonne of sweetener

Sugar mills have entered into contracts to export 55 lacs tons of sweetener so far in current marketing year ending September and out of that, according to industry body ISMA

Sugar stocks sweeten in weak market on hopes of higher export limit

Rajshree Sugars, Ugar Sugar Works, Simbhaoli Sugars, Sakthi Sugars and Bajaj Hindustan have zoomed in the range of 10 per cent to 19 per cent in intra-day trades so far.

Sugar output likely to drop 7% amid erratic weather, could crimp exports

Lower sugar exports from India, also the world's second biggest exporter, could lift global prices and allow rivals Brazil and Thailand to increase their shipments

Export quota hike may trigger up to 33% rally in these 3 sugar stocks

Among individual stocks, Shree Renuka Sugars, Ugar Sugar and EID Parry have zoomed up to 169 per cent so far in 2022. Charts indicate further upside for these select stocks.