Core Viewpoint - India plans to resume sugar exports starting from the new crushing season in October 2025, which is expected to impact the international sugar market significantly [1][2]. Group 1: Production and Export Capacity - India, as the world's second-largest sugar producer, anticipates a sugar production of 34.9 million tons for the 2025/26 season, exceeding the domestic consumption demand of approximately 28.5 to 29 million tons [1]. - With an initial stock of 5 million tons, India will have sufficient capacity for sugar exports after meeting domestic needs and record ethanol production requirements [1][2]. Group 2: Market Impact - The resumption of sugar exports is expected to balance the domestic market in India and ensure minimum support prices for sugarcane farmers, while also increasing global sugar supply, potentially exerting downward pressure on current international sugar prices [1][2]. - Market participants are closely monitoring the specific export quota numbers that the Indian government will announce, with expectations that the return to the international sugar trade will create downward pressure on global sugar prices [2]. Group 3: Ethanol Production - India's ethanol production capacity is projected to exceed 4.8 billion liters, highlighting the country's strategic positioning in food security and energy sectors [2].