India enters into deal for export of 3.5 MT sugar so far in 2022-23: ISMA

 India has entered into a contract for export of about 35 lakh tonnes of sugar so far in the ongoing 2022-23 season, out of which 2,00,000 tonnes have been shipped last month, industry body ISMA said on Thursday. The 2022-23 sugar export policy announced on November 5 allowed exports of 60 lakh tonnes of the […]

SOFTS-Raw sugar falls as dealers await supply news from India

Raw sugar futures on ICE fell for a second consecutive day on Tuesday as dealers were upbeat about looming supply news from India and concerned about the strong U.S. dollar =USD, while coffee and New York cocoa also slipped. SUGAR * March raw sugar SBc1 ​fell 1% to 18.59 cents per lb, as of 1156 GMT, having settled […]

India Top Sugar Producer again, also the 2nd-Largest Exporter

India was the world’s top producer of sugar during the just-ended sugar marketing year and was the second largest exporter.  Official data released by the government on Wednesday pegged In dia’s exports during 2021-22 (October-September) sugar season at 1. 1 crore tonnes, 58% higher than the previous year, helping generate forex inflows of around Rs 40,000 crore.  Du ring the year, sugarcane […]

Maharashtra to Produce Record Sugar Levels in New Season

Higher production will weigh on local prices and may prompt New Delhi to allow sugar exports in the 2022/23 marketing year starting from Oct. 1. Indian exports could weigh on global sugar prices. India’s top sugar-producing state of Maharashtra is set to churn out record levels for the second year in a row as farmers […]