In 2024, the forecast for India's raw sugar equivalent stock is set at 1.62 million metric tons, up from 1.58 million metric tons in 2023. This represents a year-on-year increase of approximately 2.53%. From 2024 to 2028, the stock is expected to grow steadily, reaching 1.87 million metric tons by 2028. This continuous increase demonstrates a Compound Annual Growth Rate (CAGR) of around 3.63% over five years, indicating a consistent upward trend in raw sugar stock levels.
Future trends to watch for include:
- Potential impacts of climate change on sugarcane yield impacting stock levels.
- Government policy changes regarding sugar production and export.
- Shifts in domestic consumption patterns influencing stock requirements.
