‘No Sugar Shortage’: ISMA Confirms Adequate Stocks in India, Anticipates Price Stabilization Soon
India’s sugar supply remains stable, according to the Indian Sugar Mills Association (ISMA). The industry body addressed rising retail prices, stating that there is no shortage of sugar in the country. ISMA President Niraj Shirgaokar noted that the recent price increase, which saw a 24% rise to Rs 56-60 per kg, was primarily due to speculative stocking and weather-related production issues. He assured that India has enough stocks to meet the upcoming festival demand.
Adequate Domestic Supplies
The National Federation of Cooperative Sugar Factories (NFCSF) echoed ISMA’s sentiments, confirming that domestic sugar supplies are sufficient. The NFCSF estimates net sugar production for the 2025-26 season at 279 lakh tonnes, excluding 24 lakh tonnes earmarked for ethanol production. NFCSF President Prakash Naiknavare stated that the federation has maintained its production estimates, despite other industry groups revising theirs. For the 2026-27 season, the NFCSF anticipates opening stocks of 35 lakh tonnes, with a monthly domestic demand of around 22 lakh tonnes.
Potential Imports Before Mid-October
Some sugar imports may arrive in India before October 15, although the exact volume remains uncertain. Brazil is currently the only viable source for these imports, as Thailand is experiencing its own sugar shortfall. Naiknavare mentioned that shipments from Brazil typically take 40-45 days to reach Indian ports, followed by additional time for transportation to mills. He emphasized that various factors, including approvals and port congestion, will influence the arrival timeline.
Flexible Import Deadlines
The Indian government is likely to adopt a flexible approach regarding the October 31 deadline for sugar imports. Naiknavare indicated that shipments already in transit could still be accepted after this date. States with ports, such as Maharashtra and Karnataka, are expected to receive imported sugar sooner, while landlocked northern states will also benefit from road and rail transport of these shipments. Additionally, India exported only 8 lakh tonnes of sugar against a quota of 20 lakh tonnes, largely due to unfavorable international price conditions. The government had previously imposed a ban on sugar exports from May 13 until September 30 to enhance domestic availability.
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