India is set to start the new sugar season in October with comfortable opening stocks, despite lower-than-expected production in the current season and exports of 1 million metric tons, the Indian Sugar & Bio-Energy Manufacturers Association (ISMA) said Thursday. The country, the world’s second-largest sugar producer, will have 5.4 million tons of carryover stocks at the season’s start, ensuring sufficient supply for domestic and export needs.
Key Highlights:
Current Season: Production estimates have been revised downward, but ISMA assures ample supplies.
Opening Stocks: 5.4 million tons of sugar will be carried over into the 2025–26 season, meeting domestic demand for October and November.
Exports: Mills are well-positioned to export 1 million tons while fulfilling domestic sugar and ethanol requirements.
Market Outlook:
Traders anticipate price increases in the coming months due to reduced output and seasonal summer demand.
The government is monitoring prices and will intervene only if necessary, given sugar’s status as a politically sensitive commodity.