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India allowed mills to export only 6.1 million tonnes of sugar during the current season to Sept. 30, nearly half of the record 11.1 million tonnes sold last season. The country is likely to receive an average amount of rainfall in September, after the driest August in more than a century. Although September rains would help the sugarcane crop, yields would be lower due to lower rainfall in August.
India is unlikely to export sugar in 2023-24 season as output will be less than a year earlier, head of research at ED&F Man Commodities said.
India is unlikely to export sugar in 2023-24 season as output will be less than a year earlier, Kona Haque, head of research at ED&F Man Commodities said on Thursday. Nearly a... -September 21, 2023 at 02:53 pm EDT - MarketScreener
Nearly a month ago government sources told Reuters that India is expected to ban mills from exporting sugar in the next season beginning October, halting shipments for the first time in seven years after lack of rain cut cane yields.
By Yusuf Khan Prices for wheat and corn have ticked higher over the last week since the explosion of the Kakhovka dam in Ukraine, however ample supplies and forecasts of record crops in the coming year are likely to keep prices in check, analyst...