Sugar prices are soaring across India, with domestic prices rising by nearly 40% in just two months. The sharp increase has prompted the government to take major emergency measures ahead of the festive season.

Retail sugar prices have reportedly climbed from around ₹48.18 per kilogram to ₹55.70 per kilogram, while wholesale and ex-mill prices have also increased across major producing regions.

The government has attributed the price surge to lower-than-expected sugar production, weather-related damage, rising festive demand, tighter global supplies and speculation or hoarding. Initial sugar production estimates of around 343 lakh tonnes have reportedly been revised down to approximately 306 lakh tonnes — a shortfall of about 37 lakh tonnes.

The Centre has also rejected claims that ethanol production is responsible for the current price spike, pointing out that the share of sugar diverted toward ethanol has declined compared with previous years.

Sugar Prices Hit Record Highs in India | Government Takes Emergency Measures as Prices Surge 40%

<p>The Indian government is planning to ban sugar exports due to a decline in output and to prevent inflationary pressures before the Lok Sabha elections next year, as per reports.</p>

<p>According to reports, a group of ministers has advised that mills cease sending sugar overseas with "immediate effect".</p>

<p>The committee, including the Union Finance Minister Nirmala Sitharaman, and the Minister of Commerce and Industry Piyush Goyal, is believed to have discussed the issue in a meeting on April 27. According to the source, the government will shortly announce a restriction on shipments.</p>

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<p>Reports citing a government source said there is now enough sugar to satisfy the expected 275 lakh tonnes of domestic consumption demand. But, before the state elections this year and the Lok Sabha elections the following year, the government does not want to take any chances. &nbsp;</p>

<p>According to statistics from the Department of Consumer Affairs, sugar's average retail price throughout all of India on Friday was Rs 42.24 per kg, which was somewhat higher than the level from a year earlier when it was Rs 41.31. The country is expected to produce 327 lakh tonnes (LT) of sugar during the 2022–23 crop year (October–September), down from the 359 lakh tonnes produced during the previous crop year.</p>

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<p>Maximum 6.31 lakh tonnes of sugar have been sold from India to Bangladesh in the current year, according to statistics on sugar exports up till April 8, 2023. Djibouti, Iraq, Somalia, Sudan, Indonesia, Sri Lanka, United Arab Emirates, China, Saudi Arabia, Libya, Afghanistan, Cameroon, and Jordan are a few more important importers.</p>

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<p>According to official data, even though the majority of the sugar has already been shipped in accordance with the fixed quota established for the current year, nearly two lakh tonnes of sugar have not yet been sent for export.</p>

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The Indian government is planning to ban sugar exports due to a decline in output and to prevent inflationary pressures before the Lok Sabha elections next year, as per reports.

The Indian government is planning to ban sugar exports due to a decline in output and to prevent inflationary pressures before the Lok Sabha elections next year, as per reports. According to reports, a group of ministers has advised that mills cease sending sugar overseas with "immediate effect". The committee, including the Union Finance Minister Nirmala Sitharaman, and the Minister of Commerce and Industry Piyush Goyal, is believed to have discussed the issue in a meeting on April 27. According to the source, the government will shortly announce a restriction on shipments. Also Read | EU nations reach deal 'in principle' to transit grain from Ukraine Reports citing a government source said there is now enough sugar to satisfy the expected 275 lakh tonnes of domestic consumption demand. But, before the state elections this year and the Lok Sabha elections the following year, the government does not want to take any chances. According to statistics from the Department of Consumer Affairs, sugar's average retail price throughout all of India on Friday was Rs 42.24 per kg, which was somewhat higher than the level from a year earlier when it was Rs 41.31. The country is expected to produce 327 lakh tonnes (LT) of sugar during the 2022–23 crop year (October–September), down from the 359 lakh tonnes produced during the previous crop year. Also Read | Indian Air Force uses night vision goggles, bravely rescues 121 people from Sudan airstrip Maximum 6.31 lakh tonnes of sugar have been sold from India to Bangladesh in the current year, according to statistics on sugar exports up till April 8, 2023. Djibouti, Iraq, Somalia, Sudan, Indonesia, Sri Lanka, United Arab Emirates, China, Saudi Arabia, Libya, Afghanistan, Cameroon, and Jordan are a few more important importers. Watch | After Russia's winter assault, Ukraine prepares for summer attack × According to official data, even though the majority of the sugar has already been shipped in accordance with the fixed quota established for the current year, nearly two lakh tonnes of sugar have not yet been sent for export. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

India to ban sugar exports amid reports of decline in production: Report

<p>Indian sugar mills have produced 485,000 tonnes of the sweetener between Oct. 1 and Nov. 15, down from 1.34 million tonnes last year, the Indian Sugar Mills Association said in a statement on Wednesday.</p>

<p>India is expected to produce 26.85 million tonnes of <a href="https://www.wionews.com/business-economy/indias-sugar-output-seen-falling-global-deficit-rises-fcstone-259213">sugar </a>in the current year that started in October 2019, a 5% drop compared with a previous estimate of 28.2 million tonnes, the producers' body said earlier this month.</p>

<p>The world's second-biggest producer of the sweetener had churned out a record 33.16 million tonnes of sugar in 2018/19.</p>


Indian sugar mills have produced 485,000 tonnes of the sweetener between Oct. 1 and Nov. 15, down from 1.34 million tonnes last year, the Indian Sugar Mills Association said in a statement on Wednesday.

Indian sugar mills have produced 485,000 tonnes of the sweetener between Oct. 1 and Nov. 15, down from 1.34 million tonnes last year, the Indian Sugar Mills Association said in a statement on Wednesday. India is expected to produce 26.85 million tonnes of sugar in the current year that started in October 2019, a 5% drop compared with a previous estimate of 28.2 million tonnes, the producers' body said earlier this month. The world's second-biggest producer of the sweetener had churned out a record 33.16 million tonnes of sugar in 2018/19.

India's October 1-November 15 sugar output down 64%: Industry body

<p>India is likely to produce surplus sugar in 2017/18 as farmers have increased cane-growing area, a leading industry body said on Monday.</p>

<p>The world&#39;s biggest consumer of sugar is unlikely to import the sweetener in the 2016/17 marketing year that started on October 1, as the country has ample carry forward stocks from&nbsp;last year, Abinash Verma, director-general of the Indian Sugar Mills Association told reporters on the sidelines of a conference.</p>

<p>The country is likely to produce 23.4 million tonnes of sugar in 2016/17, down around 7 per cent from a year ago as back-to-back droughts ravaged the crop in top-producing western state of Maharashtra.</p>

<p>(Reuters)</p>


India is unlikely to import the sweetener in the 2016/17 marketing year as the country has ample carry forward stocks from last year

India is likely to produce surplus sugar in 2017/18 as farmers have increased cane-growing area, a leading industry body said on Monday. The world's biggest consumer of sugar is unlikely to import the sweetener in the 2016/17 marketing year that started on October 1, as the country has ample carry forward stocks from last year, Abinash Verma, director-general of the Indian Sugar Mills Association told reporters on the sidelines of a conference. The country is likely to produce 23.4 million tonnes of sugar in 2016/17, down around 7 per cent from a year ago as back-to-back droughts ravaged the crop in top-producing western state of Maharashtra. (Reuters)

India to produce surplus sugar in 2017/18