Sugar Demand

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

Mills in India, which vies with Brazil as the world's top sugar producer, have so far contracted to export about 1.2 million tons and aim to ship as much as 8 million tons in the 2022-23 year

Global sugar prices will structurally change as demand from India falls and more volatility is expected in correlation with energy prices, Ricardo Mussa, CEO of Raizen said

India's sugar policies, which include large subsidies, have been questioned for years at the World Trade Organization by competitors including Brazil and Australia.

Most brokerages have a positive stance on India's sugar industry as it appears well poised to benefit from global and domestic factors

Consumption in India has stagnated at 19 kilograms per capita per year compared with a global average of 23 kilograms

Demand has emerged from cold drink and ice creams makers that seek to fill pipeline inventory which got diminished during the lockdown due to factory closure and freight disruptions

With the malls and restaurants being allowed to open under unlock 1.0, the sugar demand will further rise.

The factories were able to supply only a third of OMC requirements in the second tender

Global sugar consumption is expected to climb 1.3 per cent in the 2019-20 season, slightly below the five-year average, the International Sugar Organization said in a report

The prospects of India emerging as a major exporter that will cut into Brazil's share of global trade have enraged the Global Sugar Alliance

Global production will top demand by 19.6 million metric tons in the 12 months that end Sept. 30, the biggest overhang ever, Brisbane, Australia-based Green Pool said