Core Viewpoint - India is considering a proposal to allow sugar mills to export 1.5 million tons of sugar in the 2025-26 fiscal year due to concerns over a potential surplus from a bountiful sugarcane harvest [1] Group 1: Export Proposal - The proposed export quota of 1.5 million tons for 2025-26 is an increase from the 1 million tons allowed in 2024-25 [1] - The Indian Food Ministry is expected to make a decision on this proposal soon, as discussions are ongoing and involve internal matters [1] Group 2: Market Impact - Increasing the export quota could alleviate domestic oversupply pressures, but a rise in global supply may further impact benchmark prices [1] - Sugar prices in the New York futures market have dropped 27% this year due to increased production and weak demand from major importing countries like Indonesia and China [1] Group 3: Industry Advocacy - The Indian Sugar Mills Association has urged the government to allow local sugar mills to export 2 million tons to prevent domestic oversupply and to complete exports before Brazil's new sugar crop comes to market in April 2026 [1] - Officials in New Delhi indicated in September that there is potential for increased exports in the 2025-2026 fiscal year based on industry forecasts [1]