Located in Asia, India is the biggest producer of sugar and is the second largest sugar exporter in the world. The country is known for exporting huge volumes of fine quality sugar to countries around the world and as a result the sugar millers and exporters of the country enjoy a good demand for the sweetener all-round the year.
Located in the Middle East, Iran’s bilateral ties with India is on the rise. Within the first eight months of the year, Iran has exported goods worth $407 million to the Asian nation. This reflects a 40% growth in the export value as Iran in the January-August period last year exported $290 million worth of goods to India.
Located in South Asia-India is the largest producer of sugar and ranks second when it comes to sugar exports, behind Brazil who is the biggest sugar exporter in the world. Enjoying strong demand, every year, India exports huge quantities of sugar to the world. However, this year has been a different one.
As inflation continues to rise in the country, prices of sugar have reached a record high. In Dhaka and Chattogram, the two major cities of Bangladesh, sugar is retailing as high as 125 per kilogram further straining the wallets of the consumers.
The Russian invasion of Ukraine which started early on in the year has led to disruptions in the global supply chain. As a result, commodity prices have hit the ceiling and on top of that, the value of the currency has depreciated in major grain-trading countries.
Located in South Asia, Bangladesh is struggling to meet its domestic needs for wheat flour. Wheat is the second most consumed cereal after rice in Bangladesh and the sky-high cost of the staple is raising fresh troubles for domestic consumers who are already having a tough time making ends meet.
Being a universal staple, the demand for rice is rapidly growing in Africa, particularly in the urban regions. However, domestic rice production is struggling to catch up with the growth in consumer demand.
India-the second largest producer and exporter of sugar in the world, on 5th of November 2022, resumed sugar exports. As per the notification issued by the food ministry of India, sugar millers, producers, and exporters of the country, now can export the sweetener to the tune of 6mt till 31st of May,2022.
Located in Southeast Asia, Thailand is the third largest rice exporter in the world. It ranks behind India and Vietnam, in the global rice trade. However, the current year has proved to be lucrative for the rice exporters of Thailand.
Stubble (Parali/crop residues) burning is a method of removing the residues of the paddy crop from the field to sow wheat in the upcoming season (September-November), right after the withdrawal of the southwest monsoon in India. The straw stubble left after the harvest of the grains is set on fire and this practice is used in areas that use a combined harvesting method.
