India's Oct-Nov sugar output drops 54%
Indian mills produced 1.9 million tonnes of sugar between Oct. 1 and Nov. 30, down nearly 54 percent from a year earlier, with many yet to start crushing operations, the Indian Sugar Mills Association (ISMA) said on Tuesday.
It is reported by Reuters.
The country is the world’s biggest sugar producer and lower output could support global prices.
By the end of November, 279 sugar mills had started crushing oper...