India's sugar production could continue to fall due to earlier cane maturation

Published 2023년 2월 20일

Tridge summary

India's sugar production is projected to be lower than estimated due to early ripening and weight loss of the cane crop in key regions. This could potentially prevent the country from increasing exports, which could support global prices and benefit competitors like Brazil and Thailand. The production estimate has been revised down from 34-34.3 million tonnes to 33.5-32.4 million tonnes due to declining yields in Maharashtra and Karnataka. The early flowering of the crop, caused by reduced solar radiation, indicates stress. Over a dozen sugar factories in the country have already shut down due to cane shortages.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

SANGLI/SATARA/SOLAPUR, (Reuters) - India will produce less sugar than industry bodies and government agencies had estimated as the cane crop has ripened early and lost weight due to weather conditions in the main producing regions, farmers and traders told Reuters. Lower sugar output could prevent the world's second-biggest exporter from allowing additional exports, which could support world prices, and help rivals Brazil and Thailand boost shipments. India was estimated to produce 34-34.3 million tonnes of sugar in the 2022/23 marketing year, which ends on September 30, down from 35.8 million tonnes last season, the agencies said. business last month. However, falling sugarcane yields in the state of Maharashtra and third-largest producer Karnataka due to early crop maturity have led some trading houses to lower output estimates further. "Our current estimate is 33.5 million tons. We would not rule out a downside risk below 33 million tons, which would be very worrying for global ...

Source: Elperiodicodemexico