Indian sugar update report [Q1 2021]

Indian sugar update report [Q1 2021]

Sugar production in India totaled 29.1 million tonnes (Mt) by April 15th, 2021 : up 17.5% from last year.

However, the country’s total sugar output by the end of the season is now expected to fall short of the 30.5 Mt mark.

Meanwhile, Indian sugar mills contracted a total export volume
of 4.5 Mt sugar this season: up from the 3.7 Mt sugar at the same time a year ago. Indian sugar exports are therefore expected to reach the allocated Minimum Indicative Export Quota (MIEQ) of 6 Mt.

Some rumors are even suggesting that authorities could add an additional 2 Mt to this existing MIEQ…

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