Prior to future festivities like Vijaya Dashami and Deepawali, the Nepali government plans to import 20,000 metric tonnes (MT) of sugar from India to accommodate domestic demand. The Finance Ministry has approved the import of only 20,000 MT of sugar at this time, despite the Ministry of Industry, Commerce, and Supplies’ request for a 60,000…
As a result of low cane yields due to a lack of rain, India is anticipated to forbid mills from exporting sugar starting in the upcoming season in October, suspending shipments for the first time in seven years. India’s exit from the global market would probably push up benchmark prices in New York and London,…
According to the Indian Sugar Mills Association (ISMA), increasing sugarcane diversion for ethanol production is expected to result in a 3.41% decrease in sugar production, or 31.68 million tonne (MT), in the upcoming season (October-September), compared to the season 2022-2023. It is anticipated that 32.8 MT of sugar will be produced this season. According to…
Until at least the first half of the following season, India is not considering allowing sugar exports since the government is concerned the El Nino weather pattern will restrict rainfall and hurt production, government sources said on Monday. The amount of sweetener mills can export is typically decided by India, the second-largest exporter of sugar…
The Central government will likely cut the sugar export quota by 29% for the new marketing year that started on October 1 to keep domestic supplies steady It could cap sugar exports at just eight million tonnes in 2022-23, compared with estimated despatches of 11.2 million tonnes in the recently concluded marketing year. To manage…
