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Indian mills have produced 9.54 million metric tons of sugar since the season began on Oct. 1, down 15.5% year-on-year, a leading industry body said on Thursday, as cane yields fell in the three biggest producing states. Lower output in the world’s second-largest sugar producer could eliminate the possibility of India allowing exports during the season ending in September 2025, supporting global sugar prices SB1!, SF1!. Sugar production in western state of Maharashtra fell 21.5% from a year ago in the first three months of 2024/25 to 3 million tons, while output in neighbouring Karnataka fell 18.1% to 2 million tons, Indian Sugar and Bio-Energy Manufacturers Association (ISMA) said in a statement. Production in the northern state of Uttar Pradesh fell 4.5% from a year ago to 3.28 million tons, the ISMA said. By the end of December, 493 sugar mills in the country had started crushing operations, compared to 512 during the same period a year ago, it said. Maharashtra, Karnataka, and

On Monday morning (30), the sugar market is trading higher, driven by data indicating problems in Indian production. The March/25 contract is quoted at 19.47 cents per pound, while May/25 is trading at 18.03 cents. India, which had indicated the possibility of exporting a surplus of sugar if ethanol blending requirements were met, is now reviewing this decision. The country is facing excessive rainfall after a long period of drought, a situation that could lead to a reduction in sugar production to levels below domestic consumption for the first time in eight years, according to farmers and industry authorities. In addition, the market reflects the Brazilian harvest, which, according to the latest report by UNICA (Sugarcane and Bioenergy Industry Union), showed a decline in sugarcane processing. In the second half of November, mills in the Center-South processed 20.35 million tons, compared to 24 million in the same period of the 2023/2024 harvest, which corresponds to a decrease ...

The Asian sugar market is poised for significant shifts in 2025 driven by a combination of agricultural dynamics, environmental policy and global market conditions. The global biofuel movement, propelled by a collective drive to limit carbon emissions by 2030, will have a trickle-down impact on the sugar market, particularly in regions where sugarcane is the primary feedstock for biofuels. Higher cane output from Thailand In Thailand, the 2024-25 sugarcane crushing season commenced Dec. 6, starting from the Eastern and Northeastern regions. S&P Global Commodity Insights estimates the cane crush for marketing year 2024-25 (October-September) at 102 million mt, a 24% increase year over year. “We should be seeing strong Thai exports in Q1 2025, especially during a period of seasonal tightness in the global market without Brazilian crop,” said a Singapore-based trader.