India’s sugar production could fall nearly 18% in 2019/2020 as a drought followed by floods is expected to curtail output in the country’s second-biggest producing state, the All India Sugar Trade Association (AISTA) said on Friday.
It is reported by Reuters.
The lower output could help India reduce stockpiles swelled by two years of record production and lower-than-expected exports. India is the world’s largest producer and consumer of sugar.
India’s sugar production during the 2019/2020 marketing year that began on Oct. 1 could fall to 27б4 million tonnes from 33б2 million tonnes in 2018/2019, according to the trade body.
Output in the western state of Maharashtra could fall 39% — to 6б5 million tonnes in the year, AISTA said.