History of Sugar
“Sugar” the word thought to derived from Sanskrit शर्करा (śarkarā), which means “ground or candied sugar”. It is believed that Sugar was produced form Sugarcane plants in Northern India around First Century CE. The modern refinery was first built by Dutch in 1840 in Bihar. Modern day Sugar is produced from Sugarcane and from Sugar Beet around the world.
Types of Sugar
There are seven grades of Sugar in India, which are S30, S31, SS31 (S231), M30, M31, L30 and L31 based on the size and color of sugar granules.
What is ICUMSA 45 Sugar?
International Commission for Uniform Methods of Sugar Analysis (ICUMSA) is an international standards body, founded in 1897, that publishes detailed laboratory procedures for the analysis of sugar. Based on the analysis results, sugar can be classified as Refined Sugar ICUMSA 45, ICUMSA 100, ICUMSA 150 , ICUMSA 250 and Raw Sugar ICUMSA 600-1200. Lesser the ICUMSA unit, the whiter the sugar is.
Sugar Season in Brazil, India and Thailand
The sugar cultivation season around the world varies based on the climatic and geographic factors. The sugar cultivation season of Brazil, India and Thailand is given below.
Top 5 Sugar Producers in the world
India is the leading producer of sugar next to Brazil. The top 5 sugar producers are Brazil, India, European Union, Thailand and China. Among these European Union produces Beet Sugar and incidentally they are the largest producer of Beet Sugar in the world.
Top Sugar Consuming Countries
India Consumes more sugar and next is EU next is China followed by USA. The 60 year data of sugar consumption is shown here. Since India is consuming more, it exports less.
International Sugar Trade
Sugar is one of the most sought commodity around the world with international trade volume of 60+million MT per year.
1. Exports of Sugar
The top countries exporting sugar are Brazil, India, Thailand, and Australia. Among these Brazil is the largest exporter of the Sugar. Thailand and India will be second and third largest exporter.
2. Imports of Sugar
China is one of the largest producer of sugar, but their consumption is also more, so they import more sugar. Indonesia and China import more volume of Sugar. The imports will be in the form of Raw and Refined Sugar.
Comparison of Sugar trade in Brazil, India and Thailand
The comparison of domestic consumption, raw sugar, and refined sugar exports from India, Brazil and Thailand for the year 2021 is shown here. Although India and Brazil produces large quantities of Sugar, India exports approximately 17% because of higher domestic consumption. However, Brazil exports more around 85% of their production. In that 60% corresponds to Raw Sugar and 24% of Refined Sugar. China, Indonesia and Bangladesh mostly import Raw Sugar.
Price of Sugar in India and Brazil & Ethanol Blending Program
The price of Sugar depends on Supply & Demand. As on date, for the 2022 Sugar Season, Brazil sugar production is affected and also the Futures Price is high when compared with past 3 years. The Indian Sugar Export Policy 2021-2022 is expected soon and depending on the export subsidy policy of Govt., of India. Because of these reasons, there may be a good demand for Indian Sugar globally. The Govt., of India also pushing for the ethanol blending program, and therefore, excess sugar will be diverted for Ethanol Production, and this make the Indian Sugar Price Stable in the Global Market.
How to Buy Indian Sugar
The Sugar Season in India is approaching, we are open for Spot and Yearly Contract for the Supply/Export of Sugar. We at Viya's Group supply and export Indian Sugar (ICUMSA <100, ICUMSA 600-1200) from Sugar Refineries of Maharastra, Karnataka and Uttar Pradesh states of India. We supply in MOQ of 10 FCL (260MT) up to 12,500 MT per Shipment.
Our Payment Terms:
30% advance and rest on Irrevocable, Non Transferable Documentary Letter of Credit (DLC) payable at Sight from Beneficiary Cargo Owner (BCO) issued or confirmed by Prime Western Bank. Advance Bank Guarantee can be provided for the Advance Paid.
For Price Quote, Send the signed and sealed LOI to info@viyasgroup.com (or) contact +91-7010225247 (Watsapp).
We also supply Rice (IR 64 - 100% Broken, 5% and 25%), 1121 Basmati Rice, Milling Wheat, Sugarcane Molasses, and Maize from India.