Recently, areas across several states in India have faced heavy floods following relentless rains and overflowing rivers. The government has responded by launching official damage assessment drives, particularly focusing on paddy and maize โ two staple crops crucial to many farmers.
Read MoreThe lowest bid submitted was USDโฏ533 per ton (C&F) for smallโgrade sugar. Another bid offered USDโฏ549 per ton for a further lot of small grade sugar. Bids range across various grades, including small/fine and medium grades.
Read MoreConversely, in India, authorities recently lifted restrictions that previously capped sugar use for ethanol production, which boosted sugar stocks and alleviated some pressure. If curbs persist without corrective measures, options like increasing imports, tapping buffer stocks, or policy intervention may be needed to prevent severe shortages.
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