login_img.jpg
Login ID:
Password:
Partner Login
Contact Us : 7066511911

India May Relax Sugar Export Restrictions; Viability Hinges on Subsidy

14 Jan 2025 7:33 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 
Mumbai, 14 Jan (Commoditiescontrol):India is expected to permit the export of 10 lakh tonnes (1 MMT) of sugar, according to ET Now News, citing sources familiar with the matter. However, with global prices under pressure, the viability of exports at current rates may depend on government support through subsidies.

ICE raw sugar futures fell by 2.49%, while London white sugar futures declined by 2.3%, as markets speculated about India’s return to the export market. Despite this, the prevailing global prices are below levels that make exports profitable for Indian mills.

India’s sugar production for the 2024-25 season is projected to hit its lowest level since 2019-20, below domestic consumption. While limited export approvals are being considered, the lack of economic viability without subsidies may deter mills from aggressively participating.

The government’s final decision, including whether subsidies will be offered, will significantly influence both domestic and global sugar markets in the coming months.

(By Commoditiescontrol Bureau; +91-9820130172)


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Post Comment  

Latest Market Commentary
US-China Trade War Intensifies as Fresh Tariffs Escalat...
ECB Reduces Key Interest Rates by 25 Basis Points
Fed Expected to Hold Rates Steady Amid Trump's Calls fo...
Chinas Q4 GDP Grows 5.4%, Beats Forecasts; 2024 Growth ...
Federal Reserve Set for November Rate Cut as Market Con...
more
Top 5 News
Argentinas Soybean and Corn Crops Deteriorate Amid Heat...
Australian Canola Exports at 1.48 Mt in December Quart...
Indias Castor Seed Production Drops 8% in 2024-25 on Lo...
CFTC Data: Managed Money Cuts SRW Wheat Shorts Amid Sup...
Cotton Market Update: Managed Money Reduces Bearish Bet...
Top 5 Special Reports
USDA Weekly Exports Sales Update: U.S. Cotton Export Sa...
USDA Weekly Exports Sales Update: U.S. Soybean Export S...
Weekly: Sugar Futures Decline Amid Stronger Dollar and ...
Weekly: Cotton Futures Experience Slight Weekly Decline...
CFTC Data Shows Cobalt Market Weakens as Managed Money...
Copyright © CC Commodity Info Services LLP. All rights reserved.