Indian sugar mills have aggressively returned to the export market, securing deals for 100,000 metric tons within a single week. This sudden surge is driven by a combination of the rupee falling to a record low and a global rally in sugar prices. The ongoing conflict in West Asia has raised expectations that Brazil, the world’s top producer, will divert more sugarcane to ethanol production, further tightening global supply. Currently, Indian sugar is being offered at approximately $450 per ton, with significant bookings coming from Sri Lanka and African nations like Somalia and Tanzania for April and May shipments.