Forecast: Sugar Cane Demand in India

The sugar cane demand in India has shown fluctuations from 2014 to 2018, with the lowest demand recorded in 2017 and a significant increase in 2018. From 2019 onwards, the demand has been relatively stable with incremental year-on-year growth. As of 2023, the demand stands at 366.84 million metric tons. The year-on-year variations over the past two years have been minimal at 0.31%, and the CAGR over the last five years is -0.7%, indicating a slow increase.

From 2024 onwards, forecasts predict a consistent but slow growth in demand, with a year-on-year increase of approximately 0.23%, and a forecasted five-year cumulative growth rate of 1.17% by 2028.

Future trends to watch for include:

  • Policy changes impacting sugar cane farming and subsidies.
  • Advancements in agricultural technology improving yield and demand.
  • Market and economic shifts influencing consumption patterns in both domestic and export markets.
  • Climate change impacts on sugar cane cultivation and supply chains.

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