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India Today

India weighs ending 100% sugar import duty as cane diversion to E20 pushes prices to record Rs 5,350 per 100 kg

AI Market Summary
India is considering removing a 100% sugar import duty as domestic prices hit records amid cane diversion to ethanol (E20) and weaker recovery due to disease. With festival-season demand approaching and exports already restricted, potential Indian imports could tighten the global balance and support international benchmark sugar prices, while policy action (imports, stock limits, reduced diversion) may increase near-term volatility across sugar-linked markets.
Impact level
● Medium
Affected assets
NCCOSUGAR2USD/USDT+1.41%
AI Insight · NCCOSUGAR2USD/USDTAI Insight
▲ Bullish
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India is considering scrapping the 100% import duty on sugar as domestic prices surge and supplies tighten. Wholesale prices in Kolhapur, Maharashtra have climbed nearly 20% since the start of August to a record Rs 5,350 per 100 kg. A growing share of sugarcane is being diverted to ethanol production under the E20 drive, squeezing sugar availability. The plan to remove the duty was reported by Reuters on Tuesday.
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