India's sugar output set to rebound to record next year, potentially reviving exports

Published Dec 10, 2024

Tridge summary

India is predicted to see a record sugar production in the next marketing year, starting from October, due to an increase in sugarcane cultivation by millions of farmers. This surge is attributed to ample water supplies and lower prices for competing crops. The country's sugar production is anticipated to surpass local consumption in the 2025/26 marketing year, allowing for the resumption of exports after two years of restrictions due to low yields. The monsoon rains this year have been especially beneficial for the sugarcane-growing regions of Maharashtra and Karnataka. The increased production could help offset potential global sugar price increases caused by reduced shipments from Brazil due to dry weather.

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

Original content

SOLAPUR, India, Dec 10 (Reuters) - India is set to produce a record amount of sugar in the next marketing year from October after millions of farmers expanded cane cultivation, encouraged by ample water supplies and falling prices for competing crops, farmers and industry officials told Reuters. The recovery in output would allow the world’s second-largest sugar producer to resume exports in 2025/26, they said, after a lack of rain reduced cane yields and led to two years of restrictions. Indian exports could cap global sugar prices, traders said, by boosting supplies on the world market at a time when dry weather is expected to reduce shipments from top producer Brazil. “Last year, we were unable to plant sugarcane because there was no water available for irrigation. This year, we have plenty of water as rainfall has been good,” said farmer Amar Chavan, who has planted sugarcane on 2.4 hectares (6 acres) in Solapur district in the western state of Maharashtra. Farmers in Solapur ...

Source: NoticiasAgricolas