The most recent set of sales data highlighted exports of the new soybeans crop.

Sugar prices ended mixed on Thursday, November 3, 2023. Oct NY world sugar #11 (SBV23) closed -0.18 (-0.74%), while Oct London white sugar #5 (SWV23) closed +1.80 (+0.26%).

The government declared on 4th August that the level of sugar production in the upcoming season, which begins on October 1, is unlikely to decrease. Because exports are still prohibited, there will be a greater supply on the domestic market, which will help keep prices in check during the festival season.

Located in Asia, India is the largest rice exporter and second largest rice producer in the world. The country exports different varieties of rice (both basmati and non-basmati) to 150+ countries around the world and with that shares a mammoth 40% share in the global rice trade.