Conditions Favorable for Sugar Exports

24-Mar-2026 05:56 PM

Mumbai. Domestic and global conditions are favorable for sugar exports from India, and millers are capitalizing fully on this situation by entering into new contracts. With the Rupee's exchange rate against the Dollar falling to a record low, Indian sugar has become highly attractive to importers.

Meanwhile, rising international prices for crude oil make it likely that millers in Brazil will place a greater emphasis on ethanol production rather than sugar production. This could lead to a decline in sugar output in that country.

Since Brazil is the world's leading producer and exporter of sugar, the apprehension regarding a decline in its production has driven up global market prices. This is yielding a dual benefit for India. Last week alone, export deals for approximately 100,000 tonnes of Indian sugar were concluded.

Key buyers involved in these transactions include Sri Lanka, Djibouti, Tanzania, and Somalia. In aggregate, export contracts for 550,000 tonnes of sugar have been finalized by India so far during the current marketing season.