India, the world’s second largest Chinese producer, will keep sufficient additional Chinese stock in the new crop season starting from October 1, which will allow exports. This information was given by a senior government official on Friday. Sugar exports from India can put pressure on global prices, but this will help the Government of India support domestic Chinese prices and to get sugarcane farmers the minimum support price of their crop.
Ashwini Srivastava, Joint Secretary, Food and Public Distribution Department, said at a global conference that there will be a possibility of sugar exports in the new season. However, he did not say how much quantity can be available for export. India had allowed exports of 1 million metric tonnes of sugar despite declining production in the current marketing year (which ends in September).
Sugarcane will make record production of ethanol
Srivastava said that the production of the next season is looking good and adequate stock will be available for export even after meeting domestic consumption and ethanol production requirements. He said that in the new season, about 4.8 billion liters of ethanol is expected to be made from sugarcane, which will be recorded so far.
India’s Chinese stock will increase
The Indian Sugar and Bio-Energy Manufacturers Association on Thursday estimated that production in marketing year (starting from 1 October) of 2025/26 may increase to 3.49 million metric tonnes. The country’s Chinese consumption is estimated to increase from 2.85 to 2.9 million metric tonnes in the new season, which is more than 2.8 million metric tonnes of this year. India will start the new marketing year with an initial stock of 5 million metric tons, which is less than 8 million metric tonnes present earlier this year.