Sugar demand in India is starting to stagnate as economic growth in the top user slows and food manufacturers opt for alternatives. The nation will consume 25 million tons to 25.2 million tons in 2019-20, little changed from the previous season. Demand is being hit as the food sector changes formulas away from sugar amid health concerns. India’s economic growth is expected to slow to a six-year low in 2020, potentially threatening domestic sugar demand and leaving more supplies for exports. Consumers around the world are also becoming more concerned about health risks, prompting food producers to seek alternatives, and governments have levied taxes on sugary drinks.

(Business Standard)