India Unlikely to Export Sugar for Several Years, Squeezing Global Supply
India is expected to have little to no surplus sugar for export for at least the next three seasons, a significant shift that is likely to tighten the global market. The country, once the world’s second-largest sugar exporter, is facing a combination of factors that are squeezing its domestic supply.
The primary reasons for the expected shortfall are the El Niño weather pattern, which threatens to reduce sugarcane production, and a rising domestic demand for ethanol, for which sugarcane is a key feedstock. India’s sugar output for the current season is now forecast to be 27.9 million tonnes, which is below the annual domestic consumption of about 28.5 million tonnes. As a result, inventories are projected to fall to their lowest level in over three decades. Some analysts suggest that if weather conditions are severe, India could be forced to import sugar for the first time since the 2017-18 season.
Posted: 11 hours ago
Dawn News
India likely won’t export sugar for years as El Niño, ethanol squeeze supply
India, once the world’s second-largest sugar exporter, is expected to have little surplus for export for at least three more seasons as El Niño weather conditions threaten cane production and rising ethanol demand squeezes supply. The twin pressur…
#SugarSupply #ElNino #Ethanol
Posted: 16 hours ago
Business Recorder
India likely won’t export sugar for years as El Nino, ethanol squeeze supply
MUMBAI: India, once the world’s second-largest sugar exporter, is expected to have little surplus for export for at least three more seasons as El Nino weather conditions threaten cane production and rising ethanol demand squeezes supply. The twin…
#sugar #ElNino