Sugar exports to rise when global rates go up: Industry

THE GOVERNMENT'S PLAN to allow 1.5 million tonne (MT) of sugar exports in the 2025-26 sugar season (October-September) would help local mills to rake in profits only if the global prices of the sweetener firm up. Currently, prices in key export markets are ruling below the domestic prices.

- SANDIP DAS

Reports of the government’s nod for the exports came at a time when sugar industry was fearing a rise in stocks amid the prospects of 16% increase in sugar production to 34.35 MT in the 2025-26 season.

“Global market prices of sugar are currently significantly lower than the domestic prices, so we do not see immediate exports happening,” Tarun Sawhney, vice-chairman and managing director, Triveni Engineering and Industries, told FE.