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17th Nov 2021

TOP SUGAR IMPORTING/EXPORTING COUNTRIES | ACTIVE INDIAN PORTS FOR SUGAR EXPORTS

FIND TOP COUNTRIES WHICH ARE BUYING/SELLING SUGAR INTERNATIONALLY

 

IMPORTANCE OF SUGAR AS A COMMODITY

Sugar is a carbohydrate that has been consumed for thousands of years as a dietary ingredient. Evidence suggests that people in New Guinea domesticated the sugarcane plant as early as 8,000 BC and that Asian civilizations began producing sugar from the crop soon after. Sugar is now used to flavor foods (such as chocolates), to assist baked goods to maintain moisture (such as cakes), and to preserve and gel other foods (eg, jellies and jams). Ethanol fuel can also be made from sugar. It is a valuable commodity on the global market because of its many uses.

HOW IS SUGAR PRODUCED?

Sugar production in the world has reached 120 MTS per year and takes place in 124 countries. Although sugars can be found in the tissues of all plants, sugar cane and sugar beet plants produce most of the sugar farmed commercially. The sugarcane plant, tall grass with thick stems, produces around 70% of the global supply of the commodity each year, with the sugar beet plant providing the remaining 30%. Sugar was formerly only produced in small quantities by the sugarcane plant. On the other hand, modern technology has increased yield.

SUGAR INDUSTRY

The sugar business is a significant agro-based industry that has an impact on the rural livelihoods of over 50 million sugarcane farmers and around 5 lakh sugar mill workers. Various ancillary businesses such as transportation, trade service of machinery, and the delivery of agricultural inputs also generate employment. After Brazil, India is the world's second largest producer of sugar and the world's largest consumer. Private sector and cooperative sector units are fairly evenly dispersed in terms of capacity.

SUGAR IMPORTING COUNTRIES

*(Data gathered as per USDA report published last May 2021)*

  • The current 2020-21 marketing year, which ends in September, sugar mills have exported 2.49 million MTS of the sweetener, with the majority of the shipments going to China and Indonesia.
  • Bangladesh, US, Algeria, Malaysia haven’t been too far and are one of the biggest importers of sugar in the past few years.
  • The sugar marketing year runs from October 2020 to September 2021.

SUGAR EXPORTING COUNTRIES

*(Data gathered as per USDA report published last May 2021)*

Sugarcane is grown in a large number of places around the world, which may surprise you. Would it surprise you to learn that 124 are in charge of sugar production? Sugar is a major export for many countries throughout the world.

If you can believe it, India was the first country to produce sugar, which was over two thousand years ago. Sugarcane isn't the sole ingredient used to manufacture sugar, which many people are unaware of. Beets are frequently used to make sugar. Sugar is produced in 124 nations, according to the United Nations Food and Agriculture Organization.

  • Due to a lower volume of sugarcane for crushing, Brazil's production is expected to decline 5% to 39.9 million MTS.
  • Grain prices have remained stable, encouraging farmers to switch from sugarcane to soybeans and maize.
  • At 46.5 percent sugar and 53.5 percent ethanol, the sugar/ethanol production balance is predicted to be similar to the previous season.
  • Higher sugarcane yields, larger harvested area, and excellent weather are expected to boost Thailand's production by 3.0 million tons to 10.6 million MTS.
  • In the event of good weather, India's production is expected to increase by 3% to 34.7 million MTS. With the hope that the economy will recover from the pandemic by the marketing year, consumption is expected to reach new highs. Imports and exports are expected to remain steady, but stocks are expected to rise nearly 8% as a result of increased beginning stocks and output.

TOP 10 SUGAR EXPORTERS IN INDIA

  1. Avadh Sugar & Energy Ltd.
  2. Bajaj Hindusthan Sugar Ltd.
  3. Balrampur Chini Mills Ltd.
  4. Dhampur Sugar Mills Ltd.
  5. Dwarikesh Sugar Industries Ltd.
  6. E.I.D Parry India Pvt. Ltd.
  7. Mawana Sugars Ltd.
  8. Rana Sugars Ltd.
  9. Shree Renuka Sugars Ltd.
  10. Simbhaoli Sugars Ltd.

TOP 10 INDIAN PORTS

*(Data sourced from  credible sources and figures are approximations only)*

JNPT, also known as Nhava Sheva, is India's largest container port and one of the most important harbours on the subcontinent's western coast. The name is derived from two former settlements that flourished on the banks of Thane Creek, where JNPT presently stands.

It was founded in 1989 and now handles roughly 55 percent of all container goods travelling through India. It has routinely exceeded 4 million TEUs each year and plans to surpass 10 million by 2021.

Overall traffic at the country's major container port, JNPT, decreased by 26% year on year due to the coronavirus pandemic, but it is expected to get back to normal in the future.

Things were not going well until last year, but this year has been a lot better. Exports, which had fallen throughout the last year due to mobility limitations resulting from a complete lockdown, have returned to pre-Covid levels since January 2021.

FACTRADE

Sugar traders are using trusted platforms where they can transact with sugar suppliers across the globe. Factrade is one of the trusted platforms that enables Buyers and Suppliers to trade with transparency and confidence. Besides this we also provide high-quality market information about the latest prices and market trends to make procurement and sales more efficient. You can save a lot of your time by checking out Factrade's Top Verified Sugar Suppliers.

List of Buyers and Suppliers - Factrade

Our platform gives you a list of all our verified buyers and suppliers in the Commodity Market such as Sugar industry.

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