Indian Sugar Mills Achieve Significant Success in Export Deals

23-Mar-2026 08:13 PM

Mumbai. Driven by the Indian Rupee falling to a record low against the US Dollar and a surge in global market prices, Indian millers are achieving considerable success in securing export contracts for their sugar.

The export offer price for Indian sugar has become highly attractive to foreign buyers. The sugar industry is likely to place greater emphasis on boosting ethanol production in Brazil, a move prompted by the crisis unfolding in the Middle East. This development is exerting a positive psychological influence on global sugar market prices.

According to industry and trade analysts, Indian millers finalized export contracts for approximately 100,000 tonnes of sugar last week, and the contracting process remains ongoing. Notably, India is the world's second-largest sugar producer after Brazil; given the attractive and competitive pricing here,

nations across Asia and Africa have an opportunity to procure sugar at lower rates and build up their stocks. Both shipping charges and global sugar market prices are on an upward trajectory. Sugar futures prices on the New York and London exchanges have surged to their highest levels in the last five months.

According to one analyst, the conflict between Iran and the US has suddenly altered the entire landscape. On one hand, global sugar market prices have risen, while on the other, the Indian Rupee is undergoing significant depreciation. The Free-On-Board (FOB) export offer price for Indian sugar is currently hovering around $450 per tonne.

Countries such as Sri Lanka, Djibouti, Tanzania, and Somalia are actively purchasing sugar for April-May shipments. To date, Indian mills have successfully concluded deals totaling 550,000 tonnes of sugar.