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

Published Feb 21, 2023

Tridge summary

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.

Original content

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 sugar supplies," Mauro Virgino, intelligence chief, told Reuters. Alvean commercial. Alvean, the world's largest sugar trader, conducted two extensive field studies, including one earlier this month, before cutting the production estimate, Virgino said. Another ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.