As we have frequently discussed, India’s Modi government has continued to support cane ethanol manufacturing and fuel use as a tool to increase energy independence, protect currency reserves, and even putatively contribute to environmental targets. As a result of an ethanol blending mandate and [...]
Out of the initial Indian export quota of 6 MMT of sugar for 2022/23, between 5.3 and 5.5 MMT had already been sold at the end of December 2022, per Hindu Business Line. In 2021/22, India exported 11.2 MMT of sugar, and expectations are [...]
In response to delays caused by monsoon rains, India’s government announced a two-week extension of the 2021/22 export window in the first week of July. A reported 800,000 MT of sugar remained to be exported out of an export quota of 10 MMT announced [...]
Cumulative Indian 2021/22 sugar production through April reached 34.24 MMT, up 14 percent YOY and up 23 percent from the five-year average. India cumulative sugar production, seasonal comparison Source: ISMA, McKeany-Flavell On Apr. 8, ISMA updated its forecast for 2021/22 production to 35.0 MMT, [...]
In a new estimate, ISMA sees total 2021/22 sugar production at 35.0 MMT—some 1.5 MMT above our most recent estimate. The new forecast is based on improved cane tonnage and strong sugar recovery (i.e., sugar content) even though total planted area has not grown [...]
Through mid-March, India’s 2021/22 sugar production totaled 28.326 MMT, up about 9 percent YOY thanks to favorable pre-monsoon and monsoon rains last year. ISMA estimates 2021/22 sugar production near 33.3 MMT, above our most recent estimate near 31.3 MMT. More favorable rains are forecast [...]
Through mid-December, ISMA reports all India cumulative sugar production near 7.79 MMT, up 6 percent YOY and up nearly 25 percent from the five-year average. About a quarter of India’s crop is typically harvested in the first three months of the crop year, mostly [...]
Through mid-February, Indian sugar production reached 20.89 MMT, up 23 percent from production of 17.00 MMT a year ago. Among the producer states, production is up strongly in Maharashtra, down marginally in Uttar Pradesh, and up by nearly a third in Karnataka. ISMA currently [...]
