India has exported over 1.6 million tonnes (MT) of sugar so far in 2015-16 marketing year that started from October last year. As per information provided by Indian Sugar Mills Association (ISMA), this is a jump of 46% compared to 1.1 MT of sugar exported in the 2014-15 marketing year (October-September).
Last week, the Food Ministry proposed to levy 25% customs duty on export of sugar to keep the exports under control as sugar prices in the international markets are rising and traders might increase the export to maximize profits.
India is the second largest producer of the commodity after Brazil but the biggest consumer of the sweetener. The government has pegged sugar production at 23-24 MT for 2016-17 marketing year. The total availability would however be 30-31 MT on the back of opening stocks of over 7 MT.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: