20Feb2023 Indian Sugar Trade Analysis

Trade Analysis Indian Sugar 20-Feb-2023
  • Indian Sugar Export Update :
  • For the ongoing 2022-23 season, the government has allowed the export of only 6.1 MMT of sugar. During the previous year, the country exported a record high of 11.0MMT of sugar.
  • There was speculation around the govt to allow a second pool of export. However, the govt said that the decision with regards to increasing the sugar export quota will be taken only after assessing the domestic production in March.
  • This decision was made on the back of lower sugar production due to bad weather in the major cane-producing states.