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Post raised the forecast for India’s centrifugal sugar production in marketing year (MY) 2024/2025 (October-September) to 35.5 million metric tons (MMT), due to adequate rainfall from the 2024 southwest monsoon.
India’s centrifugal sugar production in marketing year (MY) 2024/2025 (October-September) is forecast to reach 34.5 million metric tons (MMT), equivalent to 33 MMT of crystal white sugar.
Sugar cane production in marketing year (MY) 2025 is forecast at 10.2 milllion metric tons (MMT). Cane sugar production in MY 2025 is forecast to reach 1.3 MMT, increasing 14 percent compared to the previous year.
On October 18, 2023, the Ministry of Commerce and Industry and the Directorate General of Foreign Trade (DGFT) amended the export restriction on sugar beyond October 31, 2023, to an indefinite period. The export of sugar under the CXL concession...
FAS/New Delhi’s forecast for India’s centrifugal sugar production in marketing year (MY) 2023/24 (October-September) is unchanged from the previous estimate of 36 million metric tons (MMT), equivalent to 33.6 MMT of crystal white sugar.
Report highlights: On June 28, 2023, the Cabinet Committee on Economic Affairs updated its Fair and Remunerative Price (FRP) for sugarcane marketing year (MY) 2023/2024 from INR 305 per quintal (USD $3.72/quintal) to a new high of INR 315 per quintal (USD $3.84/quintal). The new FRP will take effect starting October 1, 2023.
India’s centrifugal sugar production in marketing year (MY) 2023/2024 (October-September) is forecast to reach 36 million metric tons (MMT), equivalent to 33.6 MMT of crystal white sugar.
Sugar cane production in MY 2024 (January-December 2023) is forecast at 9.9 MMT, increasing nearly three percent from the MY 2023 estimate.
India’s centrifugal sugar (sugar) production forecast in marketing year (MY) 2022/23 (October-September) is unchanged from the previous estimate of 35.8 million metric tons (MMT), equivalent to 33.4 MMT of crystal white sugar. Yields from favorable rainfall in Maharashtra and Karnataka are offset by slightly reduced production in Uttar Pradesh due to an erratic 2022 monsoon.
On May 24, 2022, India’s Ministry of Commerce and Industry/Directorate General of Foreign Trade issued notification No. 10/2015-20, amending its sugar export policy. The notification specifies that exports of raw, refined, and white sugar fall under the “restricted” category.
Indian centrifugal sugar production in market year (MY) 2022/2023 (October-September) is forecast to decline three percent to 35.8 million metric tons (MMT), equivalent to 33.4 MMT of crystal white sugar after a record production of 36.8 MMT (equivalent to 34.4 MMT of crystal white sugar) in MY 2021/2022.
Sugar cane production in MY 2023 is forecast at 11 MMT while cane sugar production if forecast to reach 1.32 MMT. Higher sugar prices are expected to encourage higher sugar output. The United States remains the main market for Peruvian sugar exports under the TRQ program.