Traders see a larger potential of sugar supplies from India
According to AISTA, India exported 7.23 Mn MTS Sugar for M.Y ’20-’21.
All India Sugar Trade Association (AISTA) said that sugar traders exported an estimated 7.23 Mn MTS in the 2020-21 marketing year that ended September 30, 2021. They also added that an estimated 6 Mn MTS of sugar was exported with government subsidy and 7.85 lakh MTS without subsidy. AISTA added that India, which is the second-highest sugar producer in the world after Brazil, exported the highest quantities of sugar to Indonesia. Afghanistan, United Arab Emirates, and Somalia were the other three countries, which had the maximum number of shipments of sugar from India. India sugar exporters might be able to fill the global supply gap for sugar as the Brazilian crop ends. One of the sugar traders from Brazil said that without India filling this gap, from November to April, the international sugar trade would have a major problem.
According to USDA, the Philippines sugar import for the marketing year 2021/2022 is projected at 100,000 MTS. USDA said that the present import estimate represents a decrease from its previous estimate of 150,000 MTS. They also added that this indicates the decision to not allocate any sugar production to exports. Sugar traders will therefore not be allowed to import refined sugar in an export replenishment program.
In Pakistan, after allowing the opening of 50,000 MTS requirements, the government has stopped importing more sugar because the current supplies with the government can meet the local needs until the start of the season of sugarcane from November 15, 2021.