New Delhi, September 9 (Daily Kiran) : The president of the Indian Sugar and Bio-Energy Manufacturers Association (ISMA), Neeraj Shirgaonkar, announced on September 9 that sugar imports continue to be commercially viable despite a significant decline in domestic prices. Speaking at the India Sugar and Bio-Energy Conference 2026, he highlighted that while domestic sugar prices have recently dropped sharply, international prices remain robust due to strong global supply conditions.
Shirgaonkar noted that the ex-mill prices for sugar have seen a notable decrease in recent weeks. Just two weeks ago, sugar prices reached 65-67 rupees per kilogram, but they have now fallen to approximately 43-44 rupees per kilogram. He emphasized that this decline in wholesale prices will gradually reflect in the retail market, with consumers likely to notice the effects in the coming weeks.
Additionally, Prakash Naiknaware, Managing Director of the National Federation of Cooperative Sugar Factories, mentioned that experts from India and around the world are participating in the conference to discuss challenges facing the sugar industry, which could prove beneficial for India. He expressed gratitude to ISMA for organizing such a timely and important event.
Notably, the central government authorized duty-free imports of 1 million tons of sugar last month to ensure sufficient availability in the domestic market ahead of the festive season and to control retail prices. This decision was part of broader measures aimed at alleviating potential supply pressures in the market.
Sources indicate that sugar mills have already applied to import approximately 800,000 tons of the permitted quantity. However, following India’s import approval, international sugar prices have surged, raising concerns about the actual profitability of imports for some mills.
As the world’s second-largest sugar producer, India is taking various steps to stabilize domestic supply and control prices. These measures include tightening stockholding regulations for wholesalers and traders to prevent hoarding and ensure adequate market availability.
Meanwhile, ISMA has raised another critical issue with the government regarding the potential operational challenges that may arise if sugar mills commence crushing operations earlier than usual. Mills are currently assessing the implications of starting the crushing season ahead of schedule amid changing market conditions.
With rising festive demand, the sugar industry is now closely monitoring global prices, domestic production forecasts, and retail demand trends.
Leave a Comment