India Likely Won't Export Sugar for Years as El Niño, Ethanol Squeeze Supply
El Nino-driven rain shortfalls and rising ethanol demand could keep India out of export markets as mills face tighter cane supplies, traders said.
- India's sugar production is forecast to fall to 27.9 million tonnes this season, dropping below annual consumption of about 28.5 million tonnes.
- El Nino conditions are weakening India's monsoon rains to their lowest in 11 years, with June precipitation running more than 40% below average, prompting farmers to delay planting.
- Maruti Suzuki and Hero MotoCorp launched flex-fuel vehicles this month, while India introduced fuel with up to 85% ethanol, supporting ethanol demand that could more than double to 30 billion litres.
- India banned sugar shipments until September 30, while Rahil Shaikh, managing director of MEIR Commodities India, warned that "supplies are already tight in India, and now El Nino is emerging as a major risk."
- Traders warn supplies could tighten further in the 2027-28 season, with Mohan Narang of K.S. Commodities stating imports could become necessary, affecting importers across Asia, Africa, and the Middle East.
9 Articles
9 Articles
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 pressures are poised to keep millions of tonnes of sugar off the world market, tightening supplies for importers across Asia, Africa and the Middle East and supporting benchmark prices in London and New York. …
India likely won't export sugar for years as El Nino, ethanol squeeze supply
India likely won’t export sugar for years as El Nino, ethanol squeeze supply
India was expected to produce 30.95 million tonnes of sugar this season, but output is now forecast at 27.9 million tonnes, below annual consumption of about 28.5 million tonnes. (EPA Images pic) 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 press…
India’s Sugar Exports Likely to Dry Up for Years Amid El Niño and Ethanol Demand Surge
India is expected to remain largely absent from global sugar export markets for at least the next three seasons as El Niño-driven weak monsoon rains and rising ethanol demand strain domestic sugar availability. Lower rainfall has already reduced cane planting and output forecasts, pushing production below domestic consumption levels in some estimates. At the same time, India’s expanding ethanol blending programme is diverting more sugarcane towa…
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ChiniMandiIndia's sugar output down 18% from peak as demand rises, tightening supply balance: Exencial Research
India's sugar industry is facing a tighter supply-demand situation as production has fallen sharply from its peak while domestic consumption continues to rise, according to a sector note by Exencial Research Partners. The report, titled India Sugar
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