Sugar Prices

Sugar demand rises as consumption of cold drinks and ice cream climbs in India during the summer months that run roughly from April to June

India's sugar production fell 3 per cent to 29.9 million tonnes (MT) in the first six months of the 2022 23-marketing year ending September, according to industry body ISMA.

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

Fitch Solutions said it sees raw sugar prices averaging 2% higher this year as production will likely disappoint in various regions including Europe and India, while demand in China should recover

He did not disclose the quantity of sugar exports that will be allowed for the 2022-23 marketing year (October-September).

Higher production will weigh on local prices and may prompt New Delhi to allow sugar exports in the 2022/23 marketing year starting from Oct. 1. Indian exports could weigh on global sugar prices.

Exports by India, which has restricted shipments in the current season, could weigh on global prices, and help swell supplies across Asia

The government has capped sugar exports at 100 lakh tonnes for the 2021-22 marketing year (October-September) with effect from June 1

Retail prices of wheat, rice, sugar and edible oils are showing a declining trend after the measures taken by the govt, including curbs on exports of wheat and sugar, says Food Secy Sudhanshu Pandey

While strong lobbying to reverse curbs is expected, share prices are seen hitting new 52-week lows before the new season rolls in

India plans to restrict sugar exports for the first time in six years to prevent a surge in domestic prices, potentially capping this season's exports at 10 million tonnes

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 production hiked by 6% from Oct 1 to Feb 15 in 2021-22 marketing year at 220.91 lakh tonnes on higher sugarcane production while exports jumped till Jan at 31.5 lakh tonnes, says ISMA.

Sugar output was at 31.18 million tonnes in the 2020-21 season

In light of surged global sugar prices, the export prospects look promising for the upcoming sugar season even if export policy isn't announced: Report

India's sugar export rose 20 per cent to an all-time high of 7.1 million tonne in the 2020-21 marketing year ended last month on the back of better demand and financial assistance from government

New Delhi is expected to withdraw sugar export subsidies from the new season as a sharp rise in prices makes it easier for Indian mills to sell on the world market, a govt official said

Any further development regards to the increase in sugar price can push the stocks higher in a short span of time

The government will fast-track an ethanol program that will divert as much as 6 million tons of sugar toward fuel production annually by 2025, according to the food ministry

The sugar marketing year runs from October to September.