This episode presents a detailed update on the global sugar market.

• India's sugar sector continues to face acute financial strain as farmers demand payment of long-standing dues from sugar mills. At the forefront is Kasar Sugar Mill in Uttar Pradesh, which owes ₹1.66 billion, prompting farmer protests and political backlash. Similar disputes are ongoing with Oswal and Bajaj mills. In contrast, Bhulan Shahar is preparing for the upcoming crush season with improved cane booking systems that prioritize small-scale and female farmers. The Indian Sugar and Bioenergy Manufacturers Association projects stable output of 3.49 million tonnes, supported by favorable monsoon conditions in Maharashtra and Karnataka, although flooding in Punjab, Haryana, and Uttarakhand may suppress local output.
• In Pakistan, sugar mills in Sindh have suspended supply, creating an acute shortage in Karachi’s wholesale market and raising fears of artificially driven price increases. Meanwhile, Brazil’s sugarcane producers are leveraging advanced agricultural machinery to improve efficiency and maintain competitiveness, even as global prices come under pressure from anticipated increases in Indian exports.
• Germany is facing a projected 4.9 percent drop in sugar production, tied to a reduction in sugar beet cultivation and ongoing disease pressures. Ukraine’s sugar exports have declined to 580,000 tons, equivalent to 32 percent of national production, amid volatile global demand.
• Overall, while advancements in technology and supportive policies are stabilizing production in some regions, unresolved payment disputes, climate variability, and trade imbalances continue to introduce volatility into the global sugar market. The potential for a global surplus driven by exports from India and Brazil could further influence price stability and sector performance.