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India Can Import Sugar Because There Is A Shortage Of Domestic Supply

India's sugar output is expected to fall this year due to a lack of rain and a reduction in sugarcane planting area, potentially forcing the world's second largest sugar consumer to import the commodity in 2024.

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India Can Import Sugar Because There Is A Shortage Of Domestic Supply

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  1. India Can Import Sugar Because There Is A Shortage Of Domestic Supply India's sugar output is expected to fall this year due to a lack of rain and a reduction in sugarcane planting area, potentially forcing the world's second largest sugar consumer to import the commodity in 2024. Tradologie.com is a user friendly SaaS based global trade hub and your streamlined solution for B2B rice procurement and sales. Connect with global bulk sugar buyers or bulk sugar sellers, bypass middlemen for higher profits, and secure the best bulk prices effortlessly. Simplify your sugar sales or procurement with Tradologie.com. India’s Sugar Output India's new sugarcane crop, which begins in October, has a bleak outlook, which reinforces predictions that the country will begin importing sugar in 2024 due to a decline in sugarcane output in major growing regions. India might produce even less sugar in the upcoming crop year, which runs through September 2025. But during that same time frame, sugar consumption is predicted to rise in India. The likelihood that this year's sugarcane crop will fall short of expectations and the potential for India to have to import sugar for the first time since 2017 could drive up sugar prices globally. The price of sugar hit its highest point in many years last month. Brazil, which exports the most sugar worldwide, stands to gain from such a market picture. In the year that ended in September, 33.1 million tons of sugar were produced in India. The Indian Sugar Mills Association predicted in August that net sugar production for the year ending in September might drop to 31.7 million tons. However, after accounting for India's recent decision to

  2. restrict the use of sugarcane to produce ethanol fuel in an effort to increase sugar supply, traders projected output ranging from 29 to 30 million tonnes. Causes Of Ouput Change An official from a global sugar trading company stated, "We have observed a significant decline in sugarcane yields in Maharashtra and Karnataka over the past few weeks," bringing India's projected sugar output for this year down to 29 million tons. The representative further stated that Maharashtra and Karnataka's sugarcane growing area is decreasing, which may force India to look for sugar to purchase on the international market. The crop of the following year is expected to produce even less sugar; sugar trading companies estimate 25–26.9 million tons. Meanwhile, due to population growth and rising incomes, domestic sugar consumption this season is predicted to rise 5% from a year ago to roughly 29.2 million tons, according to Rahil Shaikh, senior director of MEIR Commodities India. Sugar Exports From India India was the second-largest sugar exporter in the world for the last five years, with an average annual export volume of 6.8 million tons. It will be challenging to switch to importing sugar because local prices are substantially less than global ones. In India, the price per ton of white sugar is approximately 39,000 rupees ($467.74), while the price per ton of sugar in London is over $610. India's top goal, according to Shaikh of MEIR Commodities, is to increase sugar production while reducing ethanol output. But according to a Mumbai official in the sugar sector, India would have to import sugar to make up for the shortage since cutting ethanol production alone would not be sufficient. If you are a sugar importer wishing to import sugar in bulk or a sugar exporter willing to export bulk sugar, then Tradologie.com is the right platform for you. Tradologie.com facilitates bulk agro-commodity sales and procurement across the globe. Through tradologie.com’s interface, buyers can avail the best qualities of agro-commodities in bulk at negotiable rates. The transaction oriented platform has 700,000+ verified buyers and about 70,000+ registered sellers of agro-commodities from over 100 countries. To stay updated with the latest happenings in the agro-trade industry, follow Tradologie.com across all social media channels.

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