The Indian sugar industry is not worried about the World Trade Organization (WTO) panel’s ruling on subsidies — either on the current export potential or the future prospects of the sweetener.

       A big reason for the optimism is that in the 2021-22 sugar season (that started in October), 3.8 million tonnes (mt) of a potential 6 mt of exports have been contracted without any subsidy. According to trade and industry sources, the trend might sustain through the next sugar season (2022-23) since sugar might be in short supply due to low production in Brazil — one of the ...