India's Sweet Surge: Sugar Exports to Record Highs
India has exported 4.24 lakh tonnes of sugar by April 2024-25 marketing year, with Somalia receiving the largest share. AISTA predicts 8 lakh tonnes of total exports out of 10 lakh permitted, urging a rise in sugar's selling price and ethanol's procurement price to match costs.
- Country:
- India
India's sugar exports reached 4.24 lakh tonnes by April in the 2024-25 marketing year, according to AISTA. The leading recipient of Indian sugar was Somalia, which imported 92,758 tonnes.
The sugar marketing year runs from October to September, with a total of 10 lakh tonnes permitted for export this season. AISTA forecasts 8 lakh tonnes in exports by year-end.
The trade body seeks an increase in the minimum selling price of sugar, paired with a 10% increase in ethanol's procurement price to adjust for rising production costs.
(With inputs from agencies.)
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- India
- sugar
- exports
- Somalia
- AISTA
- marketing year
- white sugar
- refined sugar
- Sri Lanka
- ethanol
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