Sugar Industry Association Announces Sufficient Sugar Stocks, No Price Increase Expected

The Nepal Sugar Industry Association has reassured that despite India’s ban on sugar exports, there will be no shortage of sugar in Nepal. According to the association, during this crushing season, 13 sugar factories have already produced approximately 190,870 tons of sugar. The association recommended avoiding unnecessary stockpiling and clarified that sugar availability is sufficient, so no immediate price increase is expected.

May 15, Kathmandu – Although India has imposed restrictions on sugar exports, Nepal will not face a sugar shortage, the Nepal Sugar Industry Association stated. In a press release issued Friday, the association urged consumers not to worry since domestic industries have adequate sugar stocks. So far in the current crushing season, 13 operational sugar factories have produced about 190,870 tons of sugar.

According to data up to April 11, there remains an inventory of approximately 108,000 tons of sugar in these factories. Beyond this industrial stock, approximately 20,000 tons are held by traders in the market, and about 60,000 to 70,000 tons have been imported during the current fiscal year, making sugar readily available nationwide. Additionally, sugar imports continue through open border trade, ensuring sufficient availability until the forthcoming crushing season, the association asserted.

Due to ample sugar availability, the association clearly stated that no significant price increase at the factory level is expected in the near future. “Since adequate quantities of sugar are available domestically and in stock, there will be no immediate rise in factory prices,” the release said. It also appealed to stakeholders to refrain from unnecessary stockpiling, noting that India’s export ban could artificially create shortages in the market. The association reassured all concerned parties that India’s decision will not reduce sugar supply or availability in Nepal.