This episode outlines key developments shaping the global sugar market.

• In India, sugarcane farmers are grappling with persistent unpaid dues from mills, particularly at Kasar Sugar Mill in Uttar Pradesh, which owes over ₹1.66 billion. Protests and political tensions have escalated, with similar issues affecting Aswal and Bajaj mills where farmers have stopped cane deliveries due to nonpayment dating back to 2013. As preparations begin for the upcoming crush season, new policies in Bulandshahr prioritize cane booking and allocation for small-scale and female farmers. The Indian Sugar and Bioenergy Manufacturers Association projects a stable output of 3.49 million tonnes, supported by favorable monsoons in key states like Maharashtra and Karnataka, despite localized flooding in Punjab, Haryana, and Uttarakhand.
• In Pakistan’s Sindh province, supply halts from sugar mills have triggered a crisis in Karachi’s wholesale market, fueling concerns over price spikes attributed to artificial shortages. Meanwhile, Brazil continues to improve operational efficiency through technological advancements in agricultural machinery, maintaining a competitive edge despite downward price pressure from anticipated increases in Indian sugar exports.
• Germany faces a projected 4.9 percent decline in sugar production due to reduced sugar beet cultivation and disease-related yield issues. Ukraine has exported 580,000 tons, a drop influenced by global demand shifts. The global market anticipates a surplus as India and Brazil boost exports, which could affect pricing and trading dynamics across international exchanges.
• While technology and policy support are helping some regions sustain or enhance production, unresolved financial disputes and climatic uncertainties continue to challenge stability and pricing across the global sugar sector.