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Indian sugar exports surge due to weak rupee and high global prices, with 550,000 tons committed this season.
Indian sugar mills are boosting exports after the rupee hit a record low and global prices rose, making overseas sales more profitable.
Around 100,000 metric tons were contracted in one week, with shipments planned for April and May to countries including Sri Lanka, Djibouti, Tanzania, and Somalia.
Mills have committed to exporting 550,000 tons this season, potentially reaching 1.5 million tons, aided by a 2 million-ton export quota.
Despite logistical hurdles like container shortages and rising freight costs, Indian sugar remains competitive due to lower shipping expenses compared to Brazil.
The rupee’s 4.5% drop in 2026 and a stronger Brazilian real have further enhanced export appeal.
Las exportaciones indias de azúcar aumentaron debido a la debilidad de la rupia y los altos precios mundiales, con 550.000 toneladas comprometidas esta temporada.