India tops in sugar exports; these major countries became beneficiaries….

ATM News Network: In the recent developments in sugar exports the All India Sugar Trade Association (AISTA) has informed that India has exported 27.83 lakh tonnes of sugar till February 9 of the 2022-23 marketing year, with Bangladesh and Indonesia as the major markets.

Among other countries, India exported 2.47 lakh tonnes of sugar to Djibouti, 2.46 lakh tonnes to Somalia and 2.06 lakh tonnes to UAE during October-February 9 of the current marketing year. The sugar marketing year runs from October to September. The government has earlier allowed the export of 60 lakh tonnes till May of the 2022-23 marketing year.

According to the All India Sugar Trade Association, factories have exported a total of 27,83,536 tonnes of sugar between October 1, 2022, and February 9 this year. About 4.24 lakh tonnes of sugar is being loaded while 3.79 lakh tonnes of sugar has been delivered to refineries. During this period, this sugar is considered as an export, it states.

India, which is known as the world's leading sugar-producing country, exported 112 lakh tonnes of sugar in the marketing year 2021-22. According to AISTA's preliminary estimates, sugar production in the 2022-23 marketing year will be 35.8 million tonnes, slightly lower than the previous year's record 36.5 million tonnes.