Conference & Exhibition on Sugar & Ethanol Industry
Sugar Summit 2023
30th September & 1st October, 2023 | The Westin Mumbai Powai Lake, Mumbai
Sugar Summit is back for it's 13th edition keeping innovation in mind. Sugar Summit will bring together the top global leaders of the sugar industry in Mumbai, this year to discuss the challenges and opportunities in the Global Sugar Markets, bringing together top regional and global leaders to solve the big challenges.
India is the world's second-largest sugar producer after Brazil. Since 2010-11, India has consistently produced surplus sugar, comfortably exceeding the domestic requirements. Exports would enable the sugar producers to reduce their stocks and would also benefit the sugarcane farmers, as the increased demand for Indian sugar is likely to improve their realizations.
Global sugar production is forecast up 1.7 million tons to 182.9 million for 2022-23. Consumption is anticipated to rise to a new record due to growth in markets including China, India, Indonesia, and Russia.
Global sugar consumption is expected to increase to around 2.5 million tons in line with anticipated economic recovery in 2023. Improved business activity and the return of foreign tourists will help boost the hotel and food service sector from the pandemic-induced recession.