SUGAR/ETHANOL NEWS

The ongoing trade tensions between the United States and China have had minimal influence on the global sugar market, as trade volumes between the two countries in this sector remain relatively low. Despite geopolitical uncertainties, sugar prices have stayed stable, buoyed by strong March contract deliveries and increased sugar exports from Central America, which have alleviated supply concerns.

India's sugar industry is navigating a challenging landscape in the 2024-25 marketing year, marked by reduced production, limited export prospects, and a governmental emphasis on domestic stability.

Indian sugar mills have produced 24.8 million metric tonnes (MT) of sugar so far in the 2024-25 season, according to a statement by the Indian Sugar and Bio-Energy Manufacturers Association (ISMA) released on Monday. The sugar season in India typically runs from October to September, and this year’s production reflects steady progress in output despite fluctuations in weather and market conditions.

The Tanzanian government has assured citizens that the country will not experience a sugar shortage this year, even as multiple sugar factories temporarily shut down for routine maintenance. This follows lessons learned from previous years when such closures triggered severe price hikes and market instability.