Sugarcane production likely to fall and India may export less sugar

Published Dec 5, 2022

Tridge summary

India's sugar production is projected to decrease by 7% in the current harvest due to unfavorable weather conditions that have negatively impacted cane fields in Maharashtra and Karnataka, the country's leading sugar-producing states. The unexpected weather pattern, including prolonged dry spells and heavy rainfall, has led to a significant drop in cane yields, with some areas experiencing a loss of up to 35%. This reduction in production could potentially boost global sugar prices, benefiting competitors like Brazil and Thailand. The extent of export authorizations by the Indian government will depend on the adjusted production figures, with the possibility of reducing export quotas or halting further shipments if the production decline is substantial.

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

Original content

Sugar production in India is expected to drop 7% in the current harvest due to erratic weather that has reduced the productivity of cane fields, which could hurt exports from the world's largest producer of the sweetener, said farmers, millers and traders. Lower sugar exports from India, also the world's second-biggest exporter, could lift global prices and allow rivals Brazil and Thailand to increase shipments. "The crop was similar to last year, but when we started harvesting, we realized that the productivity was very low," said the producer in Solapur district, Pradip Jagtap, in the state of Maharashtra, India's biggest sugar producer. This year, Jagtap can harvest 530 tonnes of cane from its nine acres, down from 750 tonnes the previous year. Like Jagtap, the other 192 farmers in Maharashtra's 11 main cane-producing districts told Reuters that prolonged dry weather conditions during the summer, followed by heavy rains, had affected the crop. “The summer was harsh and then we ...

Source: Novacana