Conference Theme- "Indian Sugar Industry: Need to Balance in Price, Productivity & Technology"
Sugar Mumbai India

Sugar Mumbai
Sugar Asia Mumbai India 2014

For the past two years, there has been a global sugar surplus which has had a bearish pressure on prices. With the trend set to continue in the third year, growers and millers are under pressure to improve their productivity. Top cane sugar producing countries, in particular Brazil is beginning to lose its competitive edge as high costs of production driven by economic growth in the country, rise in input costs and lack of access to cheap capital.

Advances in industrial biotechnology has turned “sugar” as the new oil as it has become the central feedstock in the production of substitute petrochemicals. The sugar industry has yet to fully exploit opportunities of this emerging economy.

ASEAN countries, with a population of almost 600 million, produces over 17 million tonnes of sugar, consumes around 15 million tonnes of sugar annually, with per capita consumption of around 23 kilograms. With the ASEAN free trading zone set to be in implemented in 2015 opportunities and challenges to explore and exploit are certainly there.

The global sugar market is again going to enter in surplus for third time consecutively. While production has grown for all major exporters like Thailand, Brazil Mexico etc. the International Sugar Organisation (ISO) forecasts 2013 global sugar supplies to surpass demand by nearly 6mt.

In a positive move, Indian Government allowed mills to sell their complete sugar production in open market without any restraint. This step is being waited from past many decades. This has opened the paths for mergers, acquisitions and new mills erection.

Sugar Asia 2014

Sugar Asia 2014