India has contracted more than 100,000 tonnes of sugar for export, with traders indicating that additional deals are likely in the coming weeks. The current trend is largely driven by the weakening Indian Rupee (INR), which has made Indian sugar more competitive in the global market.According to trade sources, the depreciation of the INR against major currencies has improved export margins, encouraging buyers to secure contracts ahead of anticipated price fluctuations. Exporters say that if currency conditions remain favorable, India could finalize even more export deals, strengthening its position in the global sugar trade.
Industry analysts note that while domestic supply and price stability remain key considerations, the current export momentum reflects strong international demand and strategic pricing opportunities.
Market watchers will be keeping a close eye on currency movements and government policies that may influence export volumes in the coming months.
