In 2023, the stock of non-centrifugal sugar in India was stable, but starting from 2024 onwards, a significant decline is forecasted in stock levels. The projected stock variations for 2024 to 2028 show a rising deficit, with the largest shortfall anticipated in 2028 at over 231,000 metric tons. This pattern indicates a consistent average annual decrease of about 27% in stock over the next five years. The growth in demand or reduction in production relative to stock levels could be prime factors.

Future trends to watch for:

Increased adoption of alternative sugars could influence production and stock variations.
Changes in Indian government policies regarding sugarcane farming and alternative crop incentives.
Climate impact on sugarcane yields potentially exacerbating stock deficits.