31Mar2023 Indian Sugar Trade Analysis

Trade Analysis Indian Sugar 31-Mar-2023
  • Indian Sugar Export Update :
  • Indian sugar export is limited to 6.1 MMT for the current season 2022-23. Nearly most of the export volume is already contracted, India exported 4.1MMT of sugar till Jan’23.
  • Cane crushing is finishing earlier this year on account of the lower cane supply. Therefore, millers are also starting to close their operations.
  • Sugar prices are likely to take a hike owing to summer demand and adding to it is the tighter supplies.
  • Lower sugar output and anticipated summer demand could prevent India from allowing additional exports to ensure sufficient domestic supply.