Find Verified Sugar Buyers, Importers and Buy Leads

Why Is Sugar a Popular Agricultural Commodity?

Sugar is nothing but soluble carbohydrates that are widely used in food as a sweetening agent. It is derived from sugar beet or sugarcane and is converted into glucose when consumed. This staple commodity is found everywhere, and people use it as an ingredient in a vast range of foods and beverages. Sugar provides instant energy to the body, and thus its everyday consumption and wider use in a number of industries are reasons why sugar buyers consistently look for exporters to fulfill the market demand.

Which Sugar Grades and Types Are In Demand for Global Trade?

It may amaze you to learn that sugar's moisture-absorbing abilities lend its healing properties that help prevent bacterial growth in wounds. This naturally white agricultural product is graded on the basis of factors like grain size and color. The numbers 30 and 31 denote the color series, while L (large), M (medium), and S (small) represent sizes. These grades also tell a lot about the quality of sugar; for example, 31 is considered to be the best color and quality of sugar. In addition, sugar is classified in a number of ways, and though there are several types, below given are the most in demand.

• Sugar ICUMSA 45: Highly refined and considered of the highest purity.
   
• Raw Sugar (ICUMSA 600-1200): Less refined and used in bulk food processing.
  
  
• Beet Sugar:  Derived from sugar beets.
  
  
• Coconut Sugar: Less processed and derived from the coconut palm.

Apart from the most demanded sugar types mentioned above, people often look for sugar processing plants for trade purposes.

A Global Outlook: Significance of Sugar In the Trade Market

The consumption of sugar is universal, and 108 countries produce this commodity. This is the reason why the global sugar market greatly impacts economies worldwide. Moreover, the export and import of sugar help balance the global sugar supply, influencing both availability and prices in many countries. 

The growing demand for sugar in industries like food and pharmaceuticals is largely affecting the trade business. Countries like India and China are some of the biggest consumers of this product due to the wide industrial and tabletop usage of sugar. The global sugar market size reached $66.39 billion in 2023, as per a report by Grand View Research. Here are the top three sugar importers and exporters (2023-24).

India’s Sugar Export Restrictions & Statewise Quota (2024-25): In order to support local suppliers and control rising prices, the Indian government banned sugar exports in October 2023. This move came after lower sugarcane output due to erratic monsoons and shifting weather patterns. Thus, India (usually one of the major sugar exporters) stopped its overseas shipments during the 2023-24 season. However, the ban did not apply to exports made under specific quota agreements with the European Union and the United States, through the CXL and TRQ programs. 

Here's the overview of the state-wise sugar export quotas that the Indian government introduced for better planning and management of resources. 

Source: Chini Mandi

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How to Find and Connect with Verified Sugar Buyers?

When you are in the export business, finding verified importers can be one of the most daunting tasks. But, not anymore! Here are some simple yet most effective ways to connect with verified sugar importers.

• Online Search: The most common way is to type long-tail keywords like sugar importers or sugar distributors near me on Google search.

• B2B Platforms: If you are concerned about the authenticity of buyers, then the best way is to visit the most trusted online B2B platform, go4WorldBusiness.com. Sign up on the website and get access to the list of verified sugar importers instantly. 

• Trade Shows: Other conventional ways to meet your potential buyers and establish a professional relationship is through conferences, exhibitions, and trade fairs. For the sugar category, World Sugar Expo, AAHAR, and Fenasucro & Agrocana are some of the most popular networking events.

• Reliable Brokers: You can also look for the sugar broker contact number and reach out to them to connect with prospective buyers. 

Alternatively, you can click here to directly access the sugar buyers list.

Frequently Asked Questions (FAQs): 

1. What is the rate of 50 kg of sugar?

Though the rate of sugar largely depends on factors like location, grade, and type, the price of 50 kg of sugar falls somewhere between ?1800 and ?2500.

2. Who is the biggest buyer of sugar?

The United States is the biggest buyer of sugar, with a total import shipment value of 405,143.

3. Who is the top consumer of sugar?

India is the top consumer of sugar with the estimated consumption of 29.5 million in 2022/23.

4. What will be the buying price of 12 kg of sugar?

The buying price of 12 kg of sugar will vary on a number of factors, but it can be estimated around $24. 

5. What is the price of Icumsa 45 sugar per ton today?

The price of Icumsa 45 sugar per ton today is ? 26250/metric ton. However, it may vary or change on the basis of various factors. 

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