India: Sugar Semi-annual
18th October 2022
India’s centrifugal sugar (sugar) production forecast in marketing year (MY) 2022/23 (October-September) is unchanged from the previous estimate of 35.8 million metric tons (MMT), equivalent to 33.4 MMT of crystal white sugar.
Yields from favorable rainfall in Maharashtra and Karnataka are offset by slightly reduced production in Uttar Pradesh due to an erratic 2022 monsoon. India’s sugar exports are forecast lower to 9.4 MMT following the estimated 11.7 MMT record achieved in MY 2021/22. Industry sources report that the Indian government may restrict sugar exports to 8
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