News Snapshot:
Building export markets takes effort. Overseas buyers need to be convinced about the price competitiveness, product quality, and reliability of supplies from the exporting country. One not-so-talked-about success story in recent years is of sugar exports from India. Between 2017-18 and 2021-22, these have soared from $810.9 million to $4.6 billion, and could cross $5.5 billion — or Rs 45,000 crore — in the fiscal year ending March 31 (see Chart 1 below). The increase is even more significant in quantity terms. During the 2016-17 and 2017-18 sugar years (Oct-Sept), India’s shipments were a mere 0.46 lakh tonnes (lt) and...
