Indian Sugar Industry Faces Setback: 7.6% YoY Drop in Output, Ukraine's Grain Exports Decline 20%

Agriculture – Indian sugar output falls

Recent data from the National Federation of Cooperative Sugar Factories Ltd. shows that sugar production in India fell by 7.6% year-on-year to 11.2mt between 1 October - 31 December, lower than the 12.1mt produced over the same period last year. Around 511 sugar mills were crushing cane as of 31 December, down from 514 mills last year.

The latest data from Ukraine’s Agriculture Ministry shows that grain exports so far in the 2023/24 season stood at 18.4mt as of 2 January, a decline of 20% year-on-year. Total corn shipments stood at 9.6mt, down 24% YoY, while wheat exports fell 10% YoY to 7.6mt. The fall in exports is in line with the series of obstacles Ukrainian shipments have faced recently.