WOULD YOU PASS ME THE SUGAR, PLEASE?


Sugar prices across the world have been stronger in 2023, due to the drop in sugar exports from India and the risk to some crops due to El Niño.


      


  than normal in August . As of the 28th of August, the   


       estimated to be 4,71% higher YoY, the total sugar  


  mln m/t in stock, i.e. just over 2 months of domestic demand.


INDIA EXPORTED THE ALLOWED LIMIT OF 6 MLN M/T DURING NOVEMBER 2022 / AUGUST 2023, EXCLUDING 1.9 MLN M/T, WHICH WAS DERIVED FROM IMPORTED RAWS FROM BRAZIL AND EXPORTED AS REFINED (TOLLED SUGARS).


    


   


  normal levels. As has been the case since the start of  


    1 to 2.8 mln m/t less sugar than last year.


     


   


16 | ADMISI - The Ghost In The Machine | Q3 Edition 2023


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