India will have enough sugar to cover domestic consumption

According to various international analysts, despite the decline in sugar production in India in MY 2024/25, its available volume will be sufficient to cover domestic consumption.

According to ICRA Research analysts, in MY 2024/25 India’s sugar production is expected to reach about 27.4 mln tonnes (excluding ethanol production), which is 14.4% lower than in the previous season of 2023/24 MY, due to the decline in sugar cane production in the three largest sugar producing states and the increased use of sugar for ethanol production.

According to analysts, in the current season of 2024/25, 4 million tons of sugar will be used for ethanol production.

The ending stocks of sugar, taking into account domestic consumption of 28 million tons and exports of 1 million tons, by the end of the season by September 30, 2025 will amount to about 6.1 million tons, compared to 7.7 million tons on the same date of the previous season.

Sugar production in India in the season MY 2024/25 as of December 31, 2024 amounted to 9.54 million tons, compared to 11.3 million tons in the same period of the season MY 2023/24.

According to Covrig Analytics, in the new season of MY 2025/26 India’s sugar production is expected to increase by 19.5% compared to the current season to 33.1 mln tonnes (excluding ethanol production) due to the increase in sugarcane area and expected favorable weather conditions. At the same time, 5.5 mln tons of sugar can be used for ethanol production in 2025/26 MY, given that the total sugar production will amount to 38.6 mln tons (excluding sugar for ethanol production).

Tags: sugar, India