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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.

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.

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.

On December 14, 2021, the World Trade Organization (WTO) released its findings from the dispute panel initiated in August 2019 against India’s trade distorting sugar subsidies. The WTO report found that India’s subsidies violated its obligations under the multilateral agreement.

Market Year (MY) 2021/22 (October-September) centrifugal sugar production will grow by three percent to 34.7 million metric tons (MMT), equivalent to 31.8 MMT of crystal white sugar, on account of higher yields.

On May 20, 2021 the Department of Food and Public Distribution, under the Ministry of Consumer Affairs, Government of India, slashed its sugar export subsidy by $27.32 per metric ton under the Maximum Admissible Export Quota (MAEQ). This assistance...