India s food secretary has dismissed rumors of an impending sugar shortage, stating that there is currently enough supply to meet the country s consumption needs for three and a half months. Concerns had arisen about low sugar production in India, the world s second-largest sugar producer, leading to potential price spikes and export bans. Sugar companies shares rose following reports of a possible drop in production in Maharashtra.
The Indian government has announced that timely measures have ensured sufficient availability of sugar at reasonable prices throughout the country for the entire year. India has exceeded its sugar production target, with a total production of about 373 LMT, the second-highest in the last five sugar seasons. The government has restricted export quotas to prioritize domestic consumption and cleared cane dues for farmers.
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