According to Tarun Sawhney, Vice Chairman & Managing Director at Triveni Engineering and Industries Ltd., exporting sugar remains more profitable for India than selling it in the domestic market, even at current price differences.
[1][2] Sawhney stated that despite large sugar export quotas released by the government, sugar realizations have remained reasonably buoyant, indicating an excellent outlook for the industry. He emphasized that even with record sugar production in Brazil and Thailand, export prices remain strong, and exporting 1-2 million tonnes of sugar would not significantly impact the international market.[1]
Citations:
[1] https://www.chinimandi.com/exporting-sugar-remains-more-profitable-for-india-than-selling-it-in-the-domestic-market-tarun-sawhney/
[2] https://www.linkedin.com/posts/chinimandi_exporting-sugar-remains-more-profitable-for-activity-7214534399965478913-gsTv
[3] https://www.indiansugar.com/NewsDetails.aspx?nid=5693
[4] https://www.youtube.com/watch?v=9FFjB1OnLrk
[5] https://www.forbesindia.com/article/generation-next-of-india-inc.-2017/the-sawhney-brothers-increasing-efficiencies-at-the-triveni-group/47353/1