India may permit sugar exports after evaluating the 2024-25 sugarcane output.
India may greenlight sugar exports after assessing the final sugarcane sowing and output for the 2024-25 season. Sources indicate that sugar production is projected to decline to 30 million tonnes next season, down from 31.5 million tonnes this season and 32.8 million tonnes the previous year.
For the current 2023-24 season, sugar production is expected to reach 31.8 million tonnes, with Tamil Nadu and Karnataka nearing the end of their crushing operations. The anticipated drop in next season’s output is largely due to reduced sowing in Karnataka, according to industry estimates.
Industry representatives have urged the government to approve the export of 1 million tonnes of sugar. However, officials emphasise the need to prioritise domestic supply and ethanol production amid the forecasted decrease in output. “Exports can be allowed if surplus stock is available,” a source stated.
Currently, India imposes restrictions on sugar exports. Government officials plan to review the situation post-July, after monsoon patterns and final sugarcane sowing data are clear. India’s primary sugar export markets include Bangladesh, Sri Lanka, and the Middle East.
