Molasses Prices in India
| Variety | Market level | Price (US$/kg) | Local (INR) | MoM | YoY | Source |
|---|---|---|---|---|---|---|
| — | Export (unit value) | 0.15 | 12.51 | ▼ 4.9% | ▼ 4.9% | UN Comtrade (unit value) |
As of January 2024, the molasses price in India is US$ 0.15 per kg (12.51 INR), down 4.9% year-on-year.
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Molasses Price History & Trend
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Use this data freely with attribution to Selina Wamucii.
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Production, Exports, Imports & HS Codes — molasses in India
Exports UN Comtrade · 2024
In 2024, India exported $10.6M (70.3 kt) of molasses▼ 93.7% YoY. That ranks #13 worldwide (1.8% of global exports).
Export value by year (US$)
Export volume by year
Top molasses exporters worldwide UN Comtrade · 2024
- #1 Indonesia $91.3M · 15.6%
- #2 Guatemala $82.9M · 14.2%
- #3 Australia $50.1M · 8.6%
- #4 Pakistan $38.9M · 6.7%
- #5 Canada $38M · 6.5%
Annual export data India · UN Comtrade
| Year | Export value (US$) | Volume | Avg price/kg |
|---|---|---|---|
| 2024 | $10.6M | 70.3 kt | $0.15 |
| 2023 | $167.3M | 1.05 Mt | $0.16 |
| 2022 | $264.3M | 1.67 Mt | $0.16 |
| 2021 | $215.4M | 1.54 Mt | $0.14 |
| 2020 | $100.3M | 731.9 kt | $0.14 |
Production FAOSTAT · 2023
India produced 14.4 Mt of molasses in 2023▲ 0.3% YoY. It ranks #2 among producing countries (18.5% of world output).
Production by year (tonnes)
HS Code
molasses is traded under Harmonized System code 1703.10. Trade figures above are compiled for this HS heading.
Sources: trade & HS — UN Comtrade; production — FAOSTAT (FAO). Values are official reported figures.