date:May 31, 2022
domestic requirements. The record exports would enable the sugar producers to reduce their stocks and benefit the sugarcane farmers, as the increased demand for Indian sugar is likely to improve their realizations, says Indias Ministry of Commerce and Industry.
A contract for 9 million tons had been signed for the current sugar season, with 7.8 million having already sailed from Indias ports.
Sugar prices resist inflation
The FAO Food Price Index signals that sugar is the most defensive food