Around 502 sugar mills of the country together produced 233.77 lakh tonnes of sugar in the early five months of the current sugar season 2020-21 as compared to 194.82 lakh tonnes produced by 453 mills last season till February 29, 2020, the .
Sugar to get more expensive as India set to miss export target
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Shipments may be only 4.9 million tons in the year that ends in September, according to the survey.
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. Updated: 02 Mar 2021, 03:17 PM IST Bloomberg
The world’s second-biggest producer, grappling with massive stockpiles, will ship almost 20% less than the government’s target and a forecast from a top industry group, traders and analysts said
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India is set to miss its goal for sugar exports this year because of a late start to shipments and logistical challenges, potentially providing further fuel to the sweetener’s blistering rally.
Brazilian shipping woes, higher supply deficit to buoy Indian sugar exports
March 02, 2021
A nearly five-million tonnes (mt) sugar deficit projected by the International Sugar Organization (ISO) is likely to keep sugar prices firm this season (October 2020-September 2021) with Brazilian shipping woes likely to help India’s cause to export more of the commodity.
The ISO, in its quarterly outlook, has raised the sugar deficit during the current season to 4.782 mt from its earlier estimate of 3.50 mt three months ago.
This will see production dropping this season by 1.24 per cent to 169.04 mt (171.16 mt), while consumption is seen increasing to 172.82 mt (170.24 mt).
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