International Sugar Prices Under Pressure; 40 Lakh Ton Surplus Expected in 2024-25 Season

26-Dec-2024 12:50 PM

International Sugar Prices Under Pressure; 40 Lakh Ton Surplus Expected in 2024-25 Season
Sugar production is estimated to rise by 1.5% in the 2024-25 season, while demand is expected to grow by 1.2% to 179.63 million tons.
Uncertainty remains due to drought and fires affecting Brazil's crop, potentially impacting prices in the 2025-26 season. Production is expected to reach 39 million tons.
India's sugar production is projected at 28 million tons, down from 31.9 million tons in the previous season.
Thailand's production is expected to increase by 18% compared to the previous year.
If India allows sugar exports in 2025, prices may decline further, adding pressure on the global market.
The Indian government's decision on export permissions will be crucial. Exports could stabilize domestic prices, especially given this year's weaker production.