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Sugaronline South Asia Sugar & Ethanol Report, Sugaronline Regional Reports

Sugaronline India Report – Uncertainties about India’s sugar output should rule out exports

By Ritesh Kumar Singh

17th January 2025

The expected lower sugar output, sticky food inflation and rising crude oil prices amid a steadily weakening Indian rupee increases the relative attractiveness of ethanol. In this backdrop, India’s permitting sugar exports is difficult to understand.

Quite in contrast to the November estimates of India’s sugar output at 29.3 million tonnes by the Indian Sugar and Bio-energy Manufacturers Association (ISMA), the actual output after accounting for ethanol diversion could be lower at 27.6 million tonnes in the current crushing season. That is 13.7% lower than the actual production in the previous

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