The country’s sugar exports are expected to increase to around 9-10 million tonnes in sugar season 2022, beginning October, following lower production in Brazil due to adverse weather conditions, according to a report.
Ind-Ra expects the total exports for SS22 (Sugar Season 2022) to rise to 9-10 million tonnes, surpassing the previous high of 7.2 million tonnes shipped in SS21, as the lower production in Brazil (which is down 40 per cent year-on-year in first 1.5 months ended mid-May 2022) due to adverse weather conditions and delayed harvesting.
Brazil is the largest exporter of sugar, constituting 35-45 per cent of the global trade, and a fall in its exports in the current season could result in India’s share rising to around 15 per cent, the Ind-Ra report stated.
However, Ind-Ra believed exports were anyway unlikely to exceed 10 million tonnes, given the…
