India needs to double sugar exports as surplus rises on lower ethanol output

India’s sugar industry is urging the government to double export allocations to 2 million metric tons for the upcoming season. Lower diversion of sugar for ethanol production is expected to create a larger domestic surplus, prompting calls for early exports to capitalize on a narrow window before Brazil’s new season impacts global prices.

India and Peru are set to hold the next round of trade negotiations in New Delhi in January 2026, following substantive progress on key chapters including critical minerals. Meanwhile, India and Chile have concluded their third round of talks for a Comprehensive Economic Partnership Agreement, aiming to deepen economic ties in the Latin American region.

India and New Zealand are nearing a free trade agreement. Commerce Minister Piyush Goyal expressed optimism about finalizing the pact soon. Both nations are addressing critical issues and respecting each other’s sensitivities. The agreement aims to boost bilateral trade significantly, benefiting farmers, fishermen, and small businesses.

New Zealand’s Prime Minister Christopher Luxon highlighted that people-to-people connections and labor mobility discussions are central to the proposed free trade agreement with India. He indicated New Zealand is open to welcoming more overseas individuals, including students. Both nations see significant benefits from the deal, with potential for growth in defense, security, and space sectors.

India and the US are making smooth progress on their proposed bilateral trade agreement, with ongoing discussions addressing sensitive issues. Both nations have completed five rounds of talks, aiming to conclude the first phase by Fall. This pact is crucial as the US has imposed significant tariffs on Indian goods, impacting trade.

India consistently safeguards vulnerable sectors like dairy and MSMEs in its free trade agreements, Commerce Minister Piyush Goyal stated during his New Zealand visit. He emphasized that trade deal negotiations are tailored to each country’s unique economic scale and sensitivities, not set against benchmarks from larger economies.

In an exciting turn for international relations, New Zealand and India are currently in negotiations over a new free trade agreement. Prime Minister Christopher Luxon highlighted the importance of enhancing direct connections between their citizens and encouraging the flow of skilled labor.

India consistently safeguards vulnerable sectors like dairy and MSMEs in free trade agreements, Commerce Minister Piyush Goyal stated. Significant progress has been made in negotiations with New Zealand, with both nations agreeing to respect each other’s sensitivities. The trade deal is on the table, with potential for enhanced cooperation across various sectors.

India’s GIFT City is considering allowing banks to transact in offshore renminbi. This move follows a suggestion from banks to broaden services. Previously, four other currencies were approved. The government is now reviewing the renminbi proposal due to improving India-China relations. This could boost trade and currency liquidity.

In a significant move to bolster economic ties, India is collaborating with the European Union to establish a Free Trade Agreement. Union Minister Piyush Goyal recently held discussions with EU Commissioner Maros Sefcovic, as EU negotiators actively engage in talks in New Delhi to address critical points.