India sugar prices surge as early planting planned to curb shortages

India’s retail and wholesale sugar prices have jumped 8‑15% in the past month, with wholesale rates reaching about 400 rupees per quintal. The rise is linked to a production shortfall: the season’s target of 293 lakh tonnes was missed, with actual output around 280 lakh tonnes, roughly 5% below forecast.

Industry bodies – the Indian Sugar and Bio‑Energy Manufacturers Association (ISMA) and the National Federation of Cooperative Sugar Factories (NFCF) – have urged the government to allow an early planting window, 10‑15 days ahead of the normal October schedule, and to provide financial assistance to offset the higher costs of early sowing. The government has responded with stock‑limit rules for traders and mills to prevent hoarding.

Officials warn that the price spike could affect the upcoming festival season, while El Niño‑related weather concerns add to the risk of further production declines.