Through grants from India this year exported a record 5 million tons of sugar

India, the world's largest sugar producer, this year will update the record for its exports due to a sharp increase in sales due to favorable prices. Large reserves forced the government to set 2019/20 MG, which began October 1, when subsidies on sugar exports in the amount of RS 10448/t or 145,58 $/ton, due to which sugar mills have signed deals to export 2 million tonnes of sugar. At this rate the country in the current season will increase compared to the previous MG sugar exports by almost a third-up to 5 million tonnes, surpassing the record of 2007/08, when it was exported from 4.96 million tonnes Rise in world prices, weak rupee and government subsidies increased the profitability of sugar exports. DLa thenwnanna in 2018/19 MG the country exported only 850 thousand tons of sugar.

Sharp rise in exports of sugar from India, which is also the largest consumer, will affect the quotes on the stock exchanges of new York and London, as well as increase competition between the other major suppliers – Brazil, Australia and Thailand.

in addition, activation of the supply of sugar from India may increase trade disputes in the world trade organization (WTO). Brazil has stated that Indian export subsidies violate WTO rules and harmful to free competition on the world market. The question of subsidies to the WTO has raised Brazil, Australia and Guatemala.

Traders concluded deals to export raw sugar at an average of $300/t of white sugar at 330 $/t FOB.

Active rushy export of sugar from India and Brazil and beet from Russia will reduce the export potential of Ukraine, which is due to the falling profitability of sugar beet production has reduced sugar production by 40% to 1.38 million tons and continues to slow the pace of exports.