India’s Sugar Exports witnessed an astounding growth of 291% from USD 1,177 million in FY 2013-14 to USD 4600 million in FY 2021-22. As per DGCIS data, India exported sugar to 121 countries across the globe.
Sugar export jumped 65 percent in 2021-22, corresponding to the previous year. The growth was achieved despite logistical challenges posed by the COVID19 pandemic in the form of high freight rates, container shortages, etc.
According to the DGCI&S data, India had exported sugar worth USD 1965 million in 2019-20, which rose to USD 2790 million in 2020-21 and USD 4600 million in 2021-22. In 2021-22 (April-February), India exported sugar worth USD 769 million to Indonesia, followed by Bangladesh (USD 561 million), Sudan (USD 530 million) and U.A.E (USD 270 million). India also exported sugar to Somalia, Saudi Arabia, Malaysia, Sri Lanka, Afghanistan, Iraq, Pakistan, Nepal, China, etc.
Indian sweetener has also been imported by the USA, Singapore, Oman, Qatar, Turkey, Iran, Syria, Canada, Australia, South Africa, Germany, France, New Zealand, Denmark, Israel, Russia, Egypt, etc.
Uttar Pradesh, Maharashtra and Karnataka account for nearly 80 percent of the total sugar production in the country. Other sugarcane-producing states are Andhra Pradesh, Gujarat, Madhya Pradesh, Odisha, Tamil Nadu, Bihar, Haryana, and Punjab.
India is the world’s second-largest sugar producer after Brazil. Since 2010-11, India has consistently produced surplus sugar, comfortably exceeding the domestic requirements. The record exports would enable the sugar producers to reduce their stocks and would also benefit the sugarcane farmers, as the increased demand for Indian sugar is likely to improve their realizations. The significant rise in agri-exports is also seen as a testimony of the government’s commitment to increasing farmers’ income by boosting exports of agricultural and processed food products of the country.
In order to ensure seamless quality certification of products to be exported, APEDA has recognized 220 labs across India to provide testing services to a wide range of products and exporters.
- Icumsa S30 prices were Recorded at $570 pmt FOB, India
- Icumsa S100 prices were Recorded at $488 pmt FOB, India
Even after record exports, the closing stocks at the end of Sugar season 2021-22 (October – September) would be at a comfortable level of 7.300.000 tons. The Government will continue to take all possible steps to maintain this upward trend in sugar exports.
Source: PIB Delhi