Sugar Price Increase 2024 India. India will retain curbs on sugar exports to ensure adequate supplies for domestic use and to boost the country’s ethanol output, according to people familiar with the matter. The global sugar market is anticipated to face an imbalance as india is likely to reduce sugar export quotas in the upcoming production season, leading to a further increase.

India’s sugar production is likely to decline by 8% this year, according to the indian sugar mills association. Domestic sugar retail prices are consistent and stable.