India is set to report record sugar output in 2025

게시됨 2024년 12월 13일

Tridge 요약

India is set to achieve a record sugar production in the next marketing year, starting from October, due to an expansion in sugarcane cultivation by millions of farmers. This expansion is attributed to favorable harvest conditions and lower prices for other crops. The country's water reservoirs are at full capacity, and monsoon rains have been favorable, providing better conditions for sugarcane growth. As a result, India may resume exports in 2025/26, following two years of restrictions due to lack of rain and reduced yields. The increase in production is expected to have an impact on global prices, especially with Brazil struggling due to drought.
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원본 콘텐츠

India is set to hit record sugar production in the next marketing year, which begins in October, after millions of farmers expanded sugarcane cultivation, encouraged by good harvests and falling prices for other crops. The recovery in production could enable the world’s second-largest sugar producer to resume exports in 2025/26, after two years of restrictions caused by lack of rain and reduced cane yields. The prospect of increased Indian production is expected to affect global prices, offering more sugar on the international market at a time when Brazil, the world’s largest producer, is struggling due to drought. According to Amar Chavan, a farmer in the Solapur region of Maharashtra state, good rains this year have provided better conditions for growing crops. “Last year, we were unable to plant sugarcane due to lack of irrigation water. This year, we have plenty of water, thanks to good rainfall,” he said. The region’s reservoirs, which rely on the Ujjani dam, are at 100% ...

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