With the rupee at historic lows, Indian exporters are ramping up sugar shipments, Reuters reports.

Last week, Indian sugar mills resumed selling the product on the overseas market, after weeks of inactivity, reported on Monday (23) the Reuters news agencyAccording to the report, approximately 100,000 tons of sugar were negotiated with countries such as Sri Lanka, Djibouti, Tanzania, and Somalia, with delivery scheduled for April and May. The resumption of Indian exports comes amid the rupee's fall to a historic low and a slight recovery in global sugar prices, restoring the economic advantage of selling abroad. "Export deals are finally picking up after weeks of inactivity. About 100,000 tons were signed last week, and more is likely to come," a trader familiar with the negotiations, who preferred not to be identified, told Reuters. The report also states that so far in the current season – which ends in September – Indian mills have contracted the export of approximately 550,000 tons of sugar. In February, New Delhi increased its export quota for the commodity in the 2025/26 crop year by 500,000 tons, to 2 million tons.

This text was translated by machine from Brazilian Portuguese.