India's sugar export rose 20 percent to an all-time high of 7.1 million tonnes in 2020-21 in the marketing year ended September 2021.
India has surplus sugar production this year and is in a position to export. Higher sugar prices in the international market and surplus production in the country are big positives.
"India has surplus sugar this year even though we have reduced from 14.5 million tonnes of opening stock two years back to about 8.5 million tonnes now. So at a time when Brazil, Thailand, and other countries don't have big surpluses, India has a surplus, world prices are very good and therefore even without a subsidy we are in a position to export into the international market and that is very big positives for India."
