India's Sugar Industry Body Shares a Positive Price Outlook
The industry body attributed recent price gains to speculative buying and lower output, while saying 35 lakh tonnes of stock will remain by September end.
- On Monday, the Indian Sugar Mills Association asserted that "India does not have a sugar shortage," with ISMA President Niraj Shirgaokar stating retail prices are expected to ease in coming days.
- Speculative buying by traders and lower production from adverse weather drove recent price increases, according to ISMA, which rejected claims that mills created artificial scarcity to inflate ex-mill prices.
- To calm market sentiment, the government permitted duty-free imports of 1 million tonnes of raw sugar, a move Shirgaokar noted has already begun to lower prices in the retail market.
- Transporting sugar from Brazil to India takes around 40 to 45 days, creating uncertainty about arrival volumes before October 15, though President Prakash Naiknavare said some shipments may arrive by then.
- Domestic mills are expected to resume operations around October 15 and produce approximately 10 to 12 lakh tonnes during October, while closing stocks at September's end are projected to reach 35 lakh tonnes.
14 Articles
14 Articles
India sugar rally driven by speculation, not supply shortage, official says
India has enough sugar stocks to meet festival-season demand, with a record price rally driven by speculative buying rather than any real supply shortfall, the head of the country's top sugar industry body said on Monday.
Sugar Prices Likely to Cool off as Panic Buying Eases, Says ISMA
Get latest articles and stories on Business at LatestLY. Sugar prices are likely to cool off as panic and speculative buying ease, with sufficient stocks available in the country, Indian Sugar & Bio-energy Manufacturers Association (ISMA) Director General Deepak Ballani said on Monday. Business News | Sugar Prices Likely to Cool off as Panic Buying Eases, Says ISMA.
Sugar prices to cool soon? ISMA says no shortage as imports rise and mills prepare to boost output
The Indian Sugar Mills Association said India has no sugar shortage and expected retail prices to ease as duty-free imports begin arriving. Fresh mill production from October 15 could further improve sugar availability and ease market pressure.
India has no sugar shortage; prices likely to come down, says ISMA
The National Federation of Cooperative Sugar Factories (NFCSF) President Prakash Naiknavare also said that domestic supplies of sugar remain adequate. The federation has maintained its sugar production estimate at 279 lakh tonnes for 2025-26 season, excluding an estimated 24 lakh tonnes diverted for ethanol production.
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