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Brazilian shipping woes, higher supply deficit to buoy Indian sugar exports | Hellenic Shipping News Worldwide

Brazilian shipping woes, higher supply deficit to buoy Indian sugar exports 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). This will also see a cut-down in end stocks by 4.91 mt to 92.69 mt this season.

New yorkUnited statesUnited arab emiratesUttar pradeshCity ofUnited kingdomRahil shaikhPraful vithlaniAbinash varmaInternational sugar organizationIndia sugar traders associationIndian sugar mills associationManaging directorAll india sugar traders associationHindu businessபுதியது யார்க்

Brazilian shipping woes, higher supply deficit to buoy Indian sugar exports

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).

New yorkUnited statesUnited arab emiratesUttar pradeshCity ofUnited kingdomRahil shaikhPraful vithlaniAbinash varmaInternational sugar organizationIndia sugar traders associationIndian sugar mills associationManaging directorAll india sugar traders associationSugar exportsWhite sugar

Global sugar market stares at supply deficit in 2020-21 - The Hindu BusinessLine

Though India may produce more, stock overhang may limit price gains Sugar prices were expected to surge in 2019/20 due to substantially reduced output from India, the EU and Thailand. However, prices fell more than 30 per cent between February and April 2020 due to Covid-led disruptions and lockdowns. With unfavourable weather in Brazil and Thailand, and a decline in Europe’s output, the focus is now on India which is likely to deliver a bumper output in the sugar season 2020/21. In a global deficit output scenario, sugar prices in India are expected to remain steady to strong, but massive carry-over stocks may cap the gains in prices.

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Lack of rupee reserves and domestic production curb Iran s record Indian sugar export - business news

Lack of rupee reserves and domestic production curb Iran s record Indian sugar export - business news
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New delhiRahil shaikhInternational sugar organizationIslamic republicIranian banksபுதியது டெல்ஹிரஹில் ஷேக்சர்வதேச சர்க்கரை ஆர்கநைஸேஶந்இஸ்லாமிய குடியரசுஇராநியந் வங்கிகள்

Larger crop, lack of rupees curb Iran s record Indian sugar appetite

Larger crop, lack of rupees curb Iran s record Indian sugar appetite SECTIONS Last Updated: Dec 22, 2020, 07:43 PM IST Share Synopsis New Delhi agreed last week to subsidise up to 6 million tonnes of sugar exports this season to try to cut surplus stocks and support local prices. In the 2019/20 season, ended Sept. 30, Iran imported a record 1.14 million tonnes of sugar from India, accounting for some 20% of the country s sugar exports, Indian customs data shows. Getty Images India is providing export subsidies for the third consecutive season to help shift excess stocks. LONDON/MUMBAI: India will be unable to count on Iran, one of its most important sugar customers, for its upcoming export drive as an increase in Iranian production and Tehran s shortage of rupees limit buying.

New delhiRahil shaikhInternational sugar organizationIslamic republicIranian banksபுதியது டெல்ஹிரஹில் ஷேக்சர்வதேச சர்க்கரை ஆர்கநைஸேஶந்இஸ்லாமிய குடியரசுஇராநியந் வங்கிகள்