India, the world's number-two sugar exporter, is leaving the export market for years. That hands Brazil, already the biggest seller, a durable opening.

Once as a top sugar exporter, India is now anticipating a three-year stretch of significant export deficits, primarily driven by El Nino's adverse effects on cane cultivation. As…

India, the world's number-two sugar exporter, is leaving the export market for years. That hands Brazil, already the biggest seller, a durable opening.