인도 설탕 인사이트

Sugar futures contracts rose on international exchanges this Wednesday (6), reversing the declines of recent days. According to analysts consulted by Reuters, the upward movement was driven by the appreciation of the Brazilian real and the expectation of heavy rains in the main producing regions of Brazil, the world leader in sugar production and exports. Another important factor discussed in the market was the increase in Brazilian sugar exports. Data from the Secretariat of Foreign Trade (Secex) reveal a record export of the product in the first ten months of 2024, surpassing the total volume exported in 2023. According to a note from Argus, the restrictions imposed by India — the world's second largest sugar producer — on its exports increased the demand for the Brazilian product. Currently, Brazil accounts for around 70% of global exports of raw sugar. Indonesia is emerging as the main destination for Brazilian sugar,

Strong demand supports prices; Brazilian exports reach US$ 1.5 billion in the month.

The Indian Sugar Mills Association (ISMA) has urged the government to come up with timely policy interventions to support the sustainability of the country’s sugar industry, as the sector is facing rising production costs, stagnant ethanol procurement prices and an expected significant sugar surplus.