India likely won't export sugar for years as El Niño, ethanol squeeze supply (opens original article in a new tab)

India is expected to have little sugar surplus for export for at least three seasons due to El Niño weather conditions and rising ethanol demand, which could lead to potential sugar imports for the first time in a decade.

• India may not export sugar for at least three seasons due to El Niño and ethanol demand
• El Niño threatens cane production by reducing monsoon rains
• Ethanol demand is increasing, diverting sugar supply away from exports
• India may need to import sugar for the first time in a decade if conditions worsen
• Government is prioritizing domestic supply over exports