INDIAíS SUGAR INDUSTRY


Did you know?

In India, October-September constitutes the accounting year for the sugar market.

 

Compiled by Amitabha Sen

Overview Growth of India's sugar industry
India's sugar production, consumption, import, export and year-end stocks World sugar production, consumption, exports, imports and year-end stocks
World sugar production, consumption, exports, imports and year-end stocks - country wise World sugar production, consumption, exports, imports and year-end stocks-  region wise  
World raw sugar price trend World refined sugar price trend
Wholesale prices of Indian sugar US Tariff-Rate Quotas
Sugar Imports by Country of Origin (1998-2002) International Sugar Organisation Estimate

 

Overview

  • The USDA's latest report (May 2005) indicates to a lower sugar production (raw value) at 142.06 million tonne in 2004-05 against 142.29 mn tonne in the previous year. The projection for 2005-06 marketing year shows markedly higher volume at 146.25 mn tonne. Global domestic consumption of sugar which is estimated at 140.63 mn tonnes for 2004-05, is likely to increase further to 142.71 mn tonne in 2005-06. Exports for this period (2004-05) is estimated at 46.04 mn tonne compared with 45.71 mn tonne in 2003-04. The USDA estimate projects a little higher exports  for 2005-06 at 46.29 mn tonne. 

  • According to the USDA report, between 2002-03 and projection for 2005-06 both India and Brazil witnessed siginficant changes in terms of production and trading. In 2003-03 India registered a record production of sugar at 22.14 mn tonne and exported 1.4 mn tonne. For 2005-06 production is estimated at 18.34 mn tonne and imports at 1.0 mn tonne. The closing stocks at end 2005-06 are estimated at 6.07 mn tonne against 6.05 mn tonne in 2002-03. Brazil on the other hand produced 28.15 mn tonne  in 2004-05 which is about 2 mn tonne higher than the previous year, accounting for 20 percent of world sugar production. Production in 2005-06 is projected at 29.50 mn tonne. Exports in 2004-05 are estimated at 17.82 mn tonne compared with 15.24 mn tonne in 2003-04. Ending stocks for 2004-05 are estimated at 0.71 mn tonne.  

  • According to Brazilian Agriculture ministry, country's sugar export revenue during  January to November, 2004 was a record US$2.371 billion from US$1.8 bn over the same period last year and US$2.14 bn over 2003. In terms of volume, shipment was up around 3 million tonne setting a record of 14.3 million tonnes for the Jan-Nov, 2004 period compared with 11.25 mn tonne over the same period last year. The figure is also higher than the 12.9 mn  tonnes shipped over 2003 as a whole.

  • According to a revised estimate of the International Sugar Organisation (ISO) for sugar year 2002-03 ending September 2003, world sugar production is over 6 mn tonne in excess of global consumption. World production of sugar is now estimated at 147.90 mn tonne (raw value) signifying an increase of 4.5 mn tonne over previous year. On the other hand, world sugar consumption is expected to grow 2.7 percent from the previous year's level. The import demand however is likely to fall by 1.3 mn tonne.

  • According to J. Kingsman report, world sugar production in 2004-05 is projected at 144.2 mn tonnes (raw value) against revised estimate of 141.2 mn tonne for 2003-04. World consumption of sugar in 2004-05 is projected at147.6 mn tonne. The report projects a global sugar deficit of 3.4 mn tonne for 2004-05 almost at the 2003-04 level of estimated 3.4 mn tonne. World sugar surplus however is marginally higher at 2.35 mn tonne compared with 2.40 mn tonne in 2002-03.

  • Brazil, Australia and Thailand have filed to WTO a complaint against European Union's sugar production and export subsidies. EU is world's largest sugar exporter, the volume ranging 7-8 mn tonnes per annum. It accounts for 40 percent of world trade in sugar. While Thailand, Australia and Brazil produce sugar at US$ 280 a tonne, Brazil is subsidizing its sugar producers at a cost of US$ 660 a tonne.

  • Thailand, Australia and Brazil, which produce sugar at US$280 a tonne, are embroiled in a complicated trade battle with the European Union, which is subsidizing its sugar producers at a cost of $660 a tonne.

  • Sugar is India's second largest agro-processing industry. Sugar area accounts for 2.2 percent of country's total cropped area.

  • India's sugar year (SY) is October-September.

  • India's domestic sugar market is estimated at Rs. 25,000 crore.

  • About 45 million Indian farmers and their families are dependent on the sugar cultivation. Uttar Pradesh accounts for 35 percent of India's total sugarcane production but productivity wise the state lags behind the national average of 70 tonne per hectare. Sugarcane production in UP is around 60 tonne per acre.

  • There are 450 sugar factories accounting for 57-60 percent of India's total sugar production.

  • Indian sugar industry's total installed capacity (estimated) stands at 16.5 mn tonne per annum while actual production stood at 18.5 mn tonne. Production during 2001-02 is estimated at 17.2 mn tonne.

  • Indian federal government has created a two-million-tonne buffer stock for one year ending December, 2003. The outgo from Sugar Development Fund on this account is estimated at Rs 412 crore. To create such facility, the government has already imposed a special levy at the rate of Rs. 90 per tonne. The outgo from the Sugar Development Fund is estimated at Rs. 412 cr. Besides, banks would release another Rs. 374 cr. With effect from February, 2003, to boost up exports, the federal government has granted an ocean freight subsidy of Rs 350 per tonne.

  • The carry-over stocks of sugar in India from the 2000-01 sugar season stood at 10.2 mn tonne. The closing stocks at the end of fiscal 2002-03 is estimated to be lower at 7.8 mn tonne, according to the federal Agriculture ministry. The production in the 2002-03 sugar year (October-September) is estimated at 18.3 mn tonne- up 1.66 percent from 18 mn tonne in the previous sugar year.

  • Exports of sugar from India in the first 8 months (Oct.-May) of current sugar year (2002-03) is provisionally estimated by Indian Sugar Mills Association (ISMA) at 1.36 mn tonne signifying an increase of 6.7 lakh tonne from previous comparable period of 2001-02 sugar year. The year's target is set at 2 mn tonne. The industry is apprehensive of not reaching the target largely due to higher exports of sugar by Brazil and Thailand. The sugar stock in the first 8 months of current SY is estimated by ISMA at 18.58 mn tonne against previous SY's stock figure of 18.22 mn tonnes.

  • For  financial year 2002-03, US has fixed tariff-rate quotas (TRQ) for imports raw, refined and speciality sugar into the country at 1,117,195 tonne (1,231,497 tonne raw value). Of this, India is allowed to export 8424 tonne to US.

  • The total turnover of the industry is around US$ 5 billion or Rs 20,000 crore.

  • The 16-member S.K.Tutleja committee set up to probe into the present state of affairs of the Indian sugar industry and recommend measures to tone it up, recommended decontrol of free sale sugar. It suggested that the government by October 1,2005, do away with the release-mechanism for free sale sugar. Presently 10% of production dedicated to levy sugar is endorsed. The committee  has suggested that a maximum of three months (as compared to only one month now) may be allowed to mills for lifting levy sugar, after which the quota would automatically be converted to free sale sugar without any obligation on the mill to repeat this portion of levy sugar. 

  • After Brazil, India is world's second largest sugar producer. The country produced 20.01 mn tonne in SY 2002-03 signifying 1.51 mn tonne increase over previous year's production of 18.51 mn tonne. The 2003-04 production is estimated at around 14 million tonne or about 6 mn tonne lower than the previous year. The shortfall is attributed to drought situation in Maharashtra, Karnataka and Andhra Pradesh. Production in Maharashtra alone is likely to be 3 mn tonne lower than the last year's production of 6.2 mn tonne.

  • India's sugar consumption in 2002-03 is estimated at 18.2 mn tonne against 16.5 mn tonne in 2001-02, according to ISMA. Sugar consumption in 2003-04 is estimated at 18.5 mn tonne. The domestic packaged sugar market is estimated at 40,000 tonne. It is estimated that by 2010 per capita sugar consumption will increase to 24 kg per annum compared to only 18.3 kg now. 

  • India is encircled by sugar deficient countries whose annual import of the commodity is around 2-2.5 mn tonne.

  • India is the fourth lowest cost sugar producers in the world after Australia, Brazil and Thailand. India's cost of sugar production is one-fourth of that in Europe.

  • Sugar industry is awaiting rationalisation of statutory minimum price (SMP) for sugarcane as recommended by the Mahajan Committee. The committee has recommended suitable mechanism for fixation of reasonable and fair sugarcane prices payable to the farmers related to sugar sales realisation.

  • Currently, SMP is linked to sugar recovery obtained in the peak period of the previous season. On the recommendation of Commission for Agricultural Costs and Prices (CACP), the government adopts 8.5 percent as the basic recovery for fixing the basic sugarcane price.

  • CACP is reviewing the present SMP structure to rationalise sugarcane prices to give farmers a fair deal while not burdening the industry taking into account the Mahajan Committee recommendations.

  • For 2002-03 sugar year SMP is fixed at higher level of Rs. 64.50 against Rs. 62.05 in the previous year. It is linked to basic recovery of 8.5 percent subject to a premium of Rs. 0.76 (against 0.73 in 2001-02) for every 0.1 percentage point increase in recovery.

  • Sugar cane accounts for 65-70 percent of sugar production cost in India.

  • As on September 30, 2002, the cane price arrears are estimated to be around Rs. 1,100 crores, which is almost double the 2000-01 level.

  • For cane, India pays double the price Brazilian sugar manufacturers pay. Australia pays one-third of Indian price. Prices of cane is higher in India because the federal government fixes the minimum floor price of sugar cane every year.

  • About 3 percent of India's cultivable land is under sugar.

  • According to USDA's provisional estimate, India's sugar stocks at the end of 2001-02 stood at 12.11 mn tonnes (raw value) which is equivalent to over eight and a half months' domestic consumption. The stock at the end of 2002-03 is estimated to be substantially lower at 10.66 mn tonnes. According to India's federal government norm, 'safe' buffer stock is equivalent to three months' domestic consumption.

  • Some coast-based Indian sugar mills have contracted for 35,000 tonnes of Brazilian raw sugar of much higher polarisation value.

  • India's Sugar Development Fund is financing projects related to bagasse-based cogeneration of power. Currently, 25 sugar mills in India are generating 250 megawatt of power from bagasse. The on-going projects, on completion, would generate another 700 mw.

  • Out of 450 mills, 300 mills have infrastructure facilities to generate a total of 4000 mw of power from bagasse. There are many other projects. The Indian federal government has imposed a concessional surcharge of Rs. 5.25 per litre on petrol blended with 5 percent ethanol presumably to boost consumption of alcohol which in turn is expected to boost the sugar industry.

  • The Indian federal government has imposed a concessional surcharge of Rs. 5.25 per litre on petrol blended with 5 percent ethanol presumably to boost consumption of alcohol which in turn is expected to boost the sugar industry.

  • 24 sugar mills have taken loans from SDF to set up ethanol projects. Total consumption of ethanol (considering) annual offtake of 10 million kilolitres of petrol, is estimated at 500 mn litres. The Indian sugar industry maintains that if ethanol blending percentage is doubled to 10 percent, ethanol consumption would double to 1 bn litres.

  • The sugar industry decontrol process has began with the beginning of the current fiscal year beginning April 1, 2002. It will be implemented in a phased manner. The industry will be totally decontrolled only after futures market in sugar becomes fully operational in the country.

  • Stock-holding limit of registered dealers has been withdrawn.

  • Presently, 85 percent of sugar production is available for sale in the open market.

  • Indian federal government has decided to continue the country's membership of International Sugar Agreement which has been extended till December 2003. India is a member of ISA since 1937 initially as an importer of sugar and later on as an exporter from 1958 onwards.

  • By virtue of being ISA member, India has access to Common Fund of Commodities to undertake development projects for sugar and sugarcane.

  • Global sugar prices in 2001 averaged at 19 cents per kg. Indian sugar industry witnessed a six-year low in the commodity price in June, 2002. Global prices of raw sugar (New York No. 11. October futures) are ruling at around 5.9 cents per pound or US$ 130 per tonne as on August 18, 2002.

  • In domestic market, wholesale Indian sugar prices are ruling at six-year low of Rs. 12.5 - 13 per kg as on August 15, 2002. At this rate, Indian sugar mills can import raw sugar without any duty for around Rs. 6.50 per kg. As on May 1, 2003 India's sugar inventory stands at around 16 mn tonne.

  • To make Indian raw sugar price competitive in the export market, the Indian Sugar Mills Association (ISMA), the apex body of mill owners, has demanded a subsidy of US$ 25 (approximately Rs 1,250) a tonne. The subsidy should be paid over and above existing facilities, including internal freight reimbursement, 4 per cent DEPB support and ocean freight subsidy of US$ 7 per tonne, being enjoyed by the industry. With a view to defusing the crisis arising out of of mounting stocks, the sugar industry is seriously considering to have a larger share of international raw sugar market. As current season's sugar production is almost complete, the industry would be chalking out raw sugar export plan for 2004. If planned properly, Indian sugar industry can export raw sugar anywhere between 1.5 million to 2 million tonnes. In fact, raw sugar accounts for about 80-85% of the global trade in sugar.

Top

Growth of India's sugar industry

Year

No. of factories in
operation

Installed Capacity
(Lakh tonne)

Actual sugar production
(In lakh tonne)

1950-51

139

16.7

11.0

1955-56

143

17.8

18.9

1960-61

174

24.5

30.2

1965-66

200

32.3

35.4

1973-74

229

43.1

39.5

1978-79

299

59.1

58.4

1985-86

339

72.7

70.2

1990-91

377

98.5

120.5

1995-96

415

127.6

164.3

1999-2000  

423

161.8

182.0

2000-01  

437

168.2

186.0

2001-02 433 176.8 185.3
2002-03 453 180.0 201.0
2003-04 (Estimated) 461 185.0 170.0
Source: Indian Sugar Mills Association


Statutory minimum price of Indian sugarcane & actual price paid

Year

SMP linked to 8.5 percent
(Rs./Quintal)

Price Paid
(Rs./Quintal)

1975-76

8.50

13.25

1980-81

13.00

19.00

1985-86

16.50

23.00

1990-91

23.00

41.00

1991-92

26.00

45.00

1992-93

31.00

46.00

1993-94

34.50

58.00

1994-95

39.10

66.00

1995-96

42.50

71.00

1996-97

45.90

72.00

1997-98

48.45

75.00

1998-99

52.70

80.00

1999-00

56.10

85.00

2000-01

59.50

90.00

2001-02

62.05

95.00

2002-03

69.50

-

2003-04 73.00 -
Source : Indian Sugar Mills Association

Top

India: Sugar Production, Consumption, Import, Export and Year-end Stocks
(In '000 tonne, raw value basis)

  

2000-01

2001-02

2002-03

2003-04 2004-05 E 2005-06 E  

Production

20480
(0.74)

20475
(-7.80)

22140
(-4.28)

15180
(-31.43)
13770
(-9.28)
18340
(33.18)

Import

0

100

10

550
(5400)
2000
(263.63)
1000
(50)

Total Supply

31190
(10.87)

32560
(-0.91)

33820
(-2.23)

28160
(-16.73)
24870
(-11.68)
25390
(2.09)

Export

1360
(4700.0)

1130
(29.16)

1410
(17.64)

250
(-82.26)
20
(-92)
20
(0)

Domestic Consumption

17845
(1.06)

19760
(5.26)

19980
(3.26)

18810
(-2.0)
18800
(-0)
19300
(2.65)

Ending Stocks

11985
(15.77)

11670
(-2.29)

12430
(-11.96)

9100
(-26.79)
6050
(-33.51)
6070
(0.33)
Figures in bracket indicate year-on changes
P: Provisional

Source:
USDA
May, 2005

Top

India: Supply and Demand of sugar ( 2003-04 to 2005-06)
                                                             (In million tonnes)

2003-04 2004-05 (E) 2005-06 (E)
Opening Stocks 11.6 8.5 4.5
Production 14.0 12.5 17.5
Imports 0.55 2.0 1.5
Total Availability 26.15 23.0 23.5
Domestic Consumption 17.45 18.05 19.0
Export 0.2 - -
Total Consumption 17.65 18.5 19.0
Closing Stocks 8.5 4.5 4.5
Source: Indian Sugar Mills Association


World Sugar Production, Consumption, Exports, Imports, Ending Stocks
(In thousand tonne, raw value)

Year Beginning Stocks Production Imports Total Supply Export Domestic Consumption Ending Stocks

1995-96

22520

122229

32182

174894

34219

116275

26437

1996-97

26437

122546

32772

178711

35816

119476

26463

1997-98

26463

124939

32653

181282

35426

122778

25851

1998-99

26901

130880

36032

193813

37357

124193

32263

1999-2000

32338

136603

36123

204964

41471

127422

36071

2000-01 

36918

130632

38748

206298

37680

129895

38723

2001-02 

38723

134566

38056

211345

40872

134545

35928

2002-03P

35928

148807

39945

224680

46139

137976

40565

2003-04 40565 141955 39122 221642 45258 140191 36193
2004-05 39008 142066 41395 222469 46041 140639 35789
2005-06 35789 146252 41183 223224 46290 142711 34223
P: Provisional
Source: USDA
May, 2005

Top

Country wise Sugar Production, Import, Export, Ending Stocks 
(In '000 tonne, raw value)

Country

Year

1998-99 1999-2000 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06
Argentina

Production

1830

1670

1540

1600

1650

1925 1740 2050

Imports

1

1

2

1

1

10 5 10

Total Supply

2031

1993

1805

1747

1781

2011 1981 2305

Export

189

200

189

135

270

215 285 530

Domestic Consumption

1520

1530

1470

1450

1440

1560 1570 1610

Ending stocks

322

263

146

162

71

236 126 165
Australia

Production

4997

5448

4162

4610

5350

4994 5500 5324

Imports

4

5

5

5

5

5 5 10

Total Supply

5254

5636

4685

5249

6012

5661 6016 5765

Exports

4076

4123

3056

3607

4219

3950 4159 4261

Domestic Consumption

995

995

995

1020

1050

1200 1200 1150

Ending Stocks

183

518

634

622

743

511 657 354
Brazil

Production

18300

20100

17100

20400

23760

26400 28370 29500

Imports

0

0

0

0

0

0 0 0

Total Supply

18860

21110

17810

21260

23970

26670 29660 30210

Export

8750

11300

7700

11600

14230

15240 18100 18800

Domestic Consumption

9100

9100

9250

9450

9640

10140 10300 10850

Ending Stocks

1010

710

860

210

100

10300 1260 560
China

Production

8969

7525

6849

7872

9488

10730 11240 10910

Imports

543

687

1083

1392

540

1220 1200 1300

Total Supply

12027

10760

9783

10268

11170

13971 14751 14158

Export

572

433

129

647

510

60 50 50

Domestic Consumption

8907

8476

8650

8698

9122

11600 12180 12000

Ending Stocks

2548

1851

1004

923

1538

12180 2521 2108
Colombia

Production

2199

2330

2225

2300

2450

2635 2645 2420

Imports

7

10

25

7

56

45 55 50

Total Supply

2270

2412

2310

2347

2565

2751 2746 2557

Export

960

959

965

990

1109

1300 1270 970

Domestic Consumption

1238

1393

1305

1315

1410

1405 1440 1525

Ending Stocks

72

60

40

42

46

46 36 62
Cuba

Production

3760

4060

3500

3610

2200

2300 2000 1600

Imports

0

0

0

0

0

750 100 100

Total Supply

4328

4548

3838

3848

2328

3132 2132 1932

Export

3120

3400

2980

3000

1550

2400 1350 1032

Domestic Consumption

720

710

720

740

700

700 700 700

Ending Stocks

488

438

238

108

78

32 82 200
European Union

Production

17818

19498

18520

16230

18664

16506 19684 20445

Imports

1867

1786

1839

2018

2100

2065 2370 2257

Total Supply

22686

24391

24089

21668

22695

22303 26753 28041

Export

5329

6138

6607

4200

5403

4616 4374 5363

Domestic Consumption

14250

14523

14420

14190

14529

14431 17662 17789

Ending Stocks

3107

3730

3062

3278

2763

3256 4717 4889
Guatemala

Production

1561

1617

1632

1910

1825

2005 1805 2000

Imports

0

0

0

0

5

9 10 0

Total Supply

1607

1687

1728

1980

1916

2284 1887 2223

Export

1086

1140

1190

1310

1335

1335 1260 1391

Domestic Consumption

451

451

468

500

500

525 530 572

Ending Stocks

70

96

70

170

81

424 97 260
India

Production

17436

20219

20480

20340

20100

15450 13590 18340

Imports

1075

438

0

30

20

500 1800 1000

Total Supply

24361

28031

31190

31365

31790

28380 23890 25390

Export

10

25

1360

900

1700

300 20 20

Domestic Consumption

16977

17296

17845

18455

20750

19580 19170 19300

Ending Stocks

7374

10710

11985

13000

9340

8500 4700 6070
Indonesia

Production

1492

1690

1800

1700

1755

1730 1950 1800

Imports

1702

1949

1591

1500

1600

1500 1350 1800

Total Supply

3714

4547

4721

4615

4740

4570 4470 4720

Exports

6

17

6

0

0

0 0 0

Domestic Consumption

2800

3200

3300

3400

3400

3400 3500 3800

Ending Stocks

908

1330

1415

1215

1340

1170 970 920
Mexico

Production

4982

4979

5220

5166

5038

5330 5690 5623

Imports

41

37

43

54

100

299 21 101

Total Supply

6014

5957

6326

6768

6424

6823 6960 7642

Exports

524

318

155

403

100

51 12 12

Domestic Consumption

4549

4576

4623

5065

5266

5523 5594 5574

Ending Stocks

941

1063

1548

1300

1058

1249 1354 2056
Pakistan

Production

3791

2595

2648

3453

3670

4047 3662 4250

Imports

8

280

1100

32

0

0 0 0

Total Supply

4302

3427

3875

3910

4130

4844 4692 5665

Export

540

0

0

0

300

214 214 215

Domestic Consumption

3210

3300

3450

3450

3500

3600 3650 3800

Ending Stocks

552

127

425

460

330

1030 828 1640
Philippines

Production

1682

1620

1805

1900

2000

2160 2160 2100

Imports

625

280

215

109

80

0 0 0

Total Supply

2490

2354

2350

2331

2319

2437 2385 2387

Export

146

94

88

142

142

202 200 142

Domestic Consumption

1890

1930

1940

1950

1980

2010 2010 2010

Ending Stocks

454

330

322

239

197

225 175 235
Poland

Production

2239

1962

2188

1685

2250

2194 0 0

Imports

13

55

49

70

85

90 0 0

Total Supply

2555

2343

2426

2005

2573

3165 0 0

Exports 

489

418

437

75

500

458 0 0

Domestic Consumption

1740

1736

1739

1741

1736

1728 0 0

Ending Stocks

326

189

250

189

337

979 0 0
Russian Federation

Production

1300

1500

1550

1630

1580

1930 2000 2100

Imports

5400

5170

5650

4800

4500

3670 4200 4000

Total Supply

7805

9320

10200

9530

8210

6650 6640 6380

Exports 

160

190

260

460

260

110 110 110

Domestic Consumption

4995

6130

6840

6940

6600

6100 6100 6000

Ending Stocks

2650

3000

3100

2130

1350

440 430 270
South Africa

Production

2646

2685

2895

2542

2930

2560 2371 2495

Imports

62

155

260

263

270

298 306 260

Total Supply

3128

3400

3685

3260

3650

3444 3583 3520

Exports

1355

1410

1580

1235

1550

1071 1300 1200

Domestic Consumption

1213

1460

1650

1575

1595

1467 1645 1655

Ending Stocks

560

530

455

450

505

906 638 665
Thailand

Production

5386

5721

5107

6355

6813

6900 6800 4500

Imports

0

0

0

0

0

0 0 0

Total Supply

5836

6405

5715

6926

7792

8182 7782 5224

Exports

3352

4147

3394

4300

5100

5250 5000 2900

Domestic Consumption

1800

1650

1750

1850

1900

1950 2000 2100

Ending Stocks

684

608

571

776

792

982 782 224
Turkey

Production

2947

2348

2756

1796

2345

1915 1990 2175

Imports

5

1

2

1

0

0 0 0

Total Supply

3611

3447

3541

2662

2779

2645 2555 2758

Exports

433

614

826

550

220

150 0 50

Domestic Consumption

2080

2050

1850

1850

1900

1930 1960 2000

Ending Stocks

1098

783

865

262

659

565 595 708
Ukraine

Production

2000

1720

1687

1790

1550

1580 1400 1750

Imports

265

329

400

250

835

1000 1400 600

Total Supply

2479

2344

2364

2296

2598

3076 3226 2531

Exports

145

130

8

90

155

400 500 150

Domestic Demand

2039

1937

2100

2020

2185

2250 2300 2200

Ending Stocks

295

277

256

186

258

426 426 181
United States

Production

7597

8203

7956

7172

7620

7843 7718 7385

Imports

1655

1484

1143

1396

1510

1598 1478 1443

Total Supply

10775

11174

11412

10565

10292

10951 10926 10046

Export

209

112

128

98

141

268 181 181

Domestic Demand

9079

9049

9287

9292

8699

8953 8986 9176

Ending Stocks

1487

2013

1997

1175

1452

1730 1759 689
P: Provisional
Source: USDA
November, 2004

Top

World Sugar Production, Import, Exports, Ending Stocks (Region wise)
(In '000 tonne)

Region

Year

1997-98 1998-99 1999-2000 2000-01 2001-02 2002-03P 2003-04 2004-05 2005-06
North America

Production

12871

12675

13255

13224

12390

12708

13271 13518 13103

Import

3033

2884

2728

2697

2682

2800

3261 2869 2879

Export

1404

742

443

296

544

255

476 213 205

Consumption

14383

14868

14860

15169

15576

15210

15907 16030 16200

Ending Stocks

2288

2663

3223

3679

2631

2674

3122 3266 3001
Caribbean

Production

4016

4603

4976

4420

4589

3093

3199 2888 2483

Import

305

371

337

306

276

302

1011 354 376

Export

3054

3683

3980

3497

3603

2048

2876 1796 1468

Consumption

1370

1403

1397

1421

1409

1412

1394 1395 1418

Ending Stocks

743

667

635

443

296

231

183 234 352
Central America

Production

3474

3180

3493

3500

3594

3656

3936 3758 4052

Import

0

35

32

0

12

5

11 12 2

Export

2101

1756

1963

2125

2092

2148

2184 2093 2384

Consumption

1392

1414

1434

1463

1482

1532

1589 1601 1614

Ending Stocks

320

336

464

376

408

389

772 451 629
South America

Production

21931

25035

27179

24036

27966

31458

34326 36137 37194

Import

1312

1089

870

930

941

669

633 708 851

Export

8974

10391

12881

9279

13318

16126

17402 20282 20935

Consumption

14824

15090

15533

15543

15930

16122

16538 16762 17401

Ending Stocks

1467

2175

2003

2147

1806

1685

2850 2651 2195
Western Europe

Production

19305

17818

19688

18757

16375

18854

16707 19918 20680

Import

1829

1867

2175

2229

2557

2441

2579 2770 2657

Export

6361

5329

6138

6614

4463

6101

4626 4384 5374

Consumption

14307

14250

15072

14620

14899

15035

15112 18293 18420

Ending Stocks

3001

3107

3917

3669

3239

3398

3613 5056 5228
Eastern Europe

Production

3933

8033

7569

7364

7297

7788

7625 4439 4857

Import

1185

7848

8232

8828

8161

8223

7587 7763 6948

Export

626

1331

1289

1285

1406

1757

1726 1254 934

Consumption

4276

12929

14047

14952

15014

14868

14141 11067 10937

Ending Stocks

964

4462

4918

4873

3911

3297

3734 2183 1772
Africa

Production

8482

7661

7812

8291

7858

8334

8293 7999 8335

Import

5460

4523

4685

4905

4932

5421

5840 5806 5767

Export

2727

3166

2970

3445

2966

3143

3227 3337 3456

Consumption

10998

8761

9322

9618

9919

10181

10490 10682 10831

Ending Stocks

2095

1948

2139

2272

2177

2608

3412 3137 3252
Middle East

Production

3312

5104

4609

5035

4386

4867

4820 4985 5190

Import

4347

5562

5532

6332

6704

7086

6520 6460 8010

Export

236

1268

1634

1722

1432

1360

1517 1357 2360

Consumption

7180

9134

9273

9308

9833

10021

10073 10221 10592

Ending Stocks

1686

2211

1445

1732

1557

2129

2242 2109 3235
Asia & Oceania

Production

37514

46562

48022

45805

50207

52517

49555 48045 50358

Import

8222

11512

11532

12456

11552

11101

11949 13404 13693

Export

4648

9691

10173

9361

10924

13640

11561 11011 9174

Consumption

43156

45737

46484

48191

50858

52169

53867 54404 55298

Ending Stocks

10796

14508

17327

18036

18013

15822

16617 12651 14559
P: Provisional
Source: USDA
August  2005

Top

World Raw Sugar Price Trend (Monthly Average)
(Cents per Pound)

Year

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

1997

11.13

11.06

11.17

11.50

11.54

12.02

12.13

12.54

12.65

12.85

13.19

12.90

1998

11.71

11.06

10.66

10.27

10.17

9.33

9.70

9.50

8.21

8.24

8.79

8.59

1999

8.40

7.05

6.11

5.44

5.83

6.67

6.11

6.39

6.98

6.90

6.54

6.00

2000

5.64

5.51

5.54

6.48

7.33

8.72

10.18

11.14

10.35

10.96

10.02

10.23

2001

10.63

10.26

9.64

9.27

9.96

9.80

9.48

8.77

8.60

7.15

7.80

8.02

2002

7.96

6.81

7.27

7.12

7.33

7.07

8.02

7.86

8.54

8.84

8.87 8.81
2003 8.56 9.14 8.50 7.92 7.41 6.85 7.18 7.30 6.70 6.74 6.83  
Source: New York Coffee, Sugar and Cocoa Exchange

Top

Wholesale prices of sugar in Mumbai
(As on June 18, 2002)

Year

S-30

M-30

2002

1340-1400

1395-1485

2001

1410-1450

1460-1525

2000

1450-1475

1470-1535

1999

1425-1440

1440-1495

1998

1460-1480

1470-1505

1997

1452-1475

1475-1510

1996

1335-1370

1375-1410

Top

World Refined Sugar Price Trend (Monthly Average)
(Cents per Pound)

Year

Jan.

Feb.

Mar.

April.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

1997

13.87

13.98

14.05

14.19

14.61

14.93

15.07

15.66

14.51

13.58

13.81

13.64

1998

13.52

12.78

12.23

11.63

12.00

11.80

11.65

11.62

10.05

10.00

10.78

10.97

1999

10.99

10.50

9.85

8.79

9.13

9.93

9.47

9.04

8.28

7.85

7.73

7.61

2000

7.70

7.67

7.83

8.66

9.06

10.63

11.38

11.29

11.74

11.76

11.02/a

10.95

2001

11.27

10.65

10.26

10.61

11.71

12.68

12.60

12.08

10.66

10.19

11.27

11.52

2002 11.88 10.80 10.81 10.09 10.28 10.02 10.23 10.33 9.68 9.72 10.16 10.25
2003 10.64 11.10 10.51 10.14 9.95 9.66 9.84 9.74 8.95 8.39 8.67  
Source: LIFFE, London
December, 2003


Updated on August 18, 2005

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