India's sugar output drops almost 11%
Indian mills have produced 4.32 million tonnes of sugar since the current season began on Oct. 1, down 10.7% year on year, as mills in two key states started operations later than usual, a leading trade body said on Friday.
It is reported by Business Standard.
Lower sugar production could lead the world's second-largest producer to refrain from allocating export quotas and support global prices, that are trading n...