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India's Maharashtra state to produce less sugar as mills close early

Sugar
India
Published Mar 28, 2023

Tridge summary

The western state of Maharashtra, which accounts for more than a third of India's sugar output, could produce 10.7 to 10.8 million tonnes in the 2022/23 marketing year that began on Oct. 1, down from an earlier forecast of 12.8 million tonnes, Maharashtra's sugar commissioner Shekhar Gaikwad said.

Original content

India's top sugar-producing state, Maharashtra, could churn out nearly 16% less sugar than the previously estimated as mills are closing early due to limited availability of sugar cane, a senior state government official told Reuters on Monday. Lower sugar output could prevent the world's second-biggest exporter from allowing additional exports, potentially supporting global prices and allowing rivals Brazil and Thailand to increase exports. Mills are closing at a rapid pace. Almost all mills will close by this month end. Only a handful will be operational in the first week of April, Gaikwad said. Sugar mills in Maharashtra were operational till mid-June in 2021/22 as they harvested a record crop. Maharashtra, which often surprises the global sugar market with wide swings in production, has produced 10.38 million tonnes of sugar as of March 26, lower than last year's 11.6 million tonnes during the period. Out of 210 sugar mills that started operations this year, 155 mills had ...
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