India’s Oct-Dec sugar output drops 7.6% y/y: Trade physique

[ad_1]

Indian mills produced 11.21 million metric tons of sugar between Oct. 1 and Dec. 31, down 7.6% from the earlier yr, on decrease manufacturing in key producing states Maharashtra and Karnataka, a number one business physique mentioned on Tuesday.

Maharashtra’s sugar manufacturing fell to three.82 million tons from 4.74 million, whereas Karnataka’s manufacturing dropped 10.1% to 2.4 million tons, the Nationwide Federation of Cooperative Sugar Factories mentioned in an announcement.

Manufacturing within the northern state of Uttar Pradesh rose 12.5% to three.5 million tons as mills began operations early, it mentioned.

India‘s sugar output this crop yr, hit by weak rains, is about to lag consumption for the primary time in seven years, in keeping with merchants and a survey of farmers, and decrease plantings could even drive the world’s No.2 producer to import the next yr.

India has determined to permit sugar mills to divert as much as 1.7 million tons of sugar for ethanol manufacturing as New Delhi goals to scale back disruptions in its formidable biofuel programme.

With Prime Minister Narendra Modi dealing with election subsequent yr, India, which is extremely delicate to meals inflation, is prone to ban sugar exports, the primary restriction on exports since 2016.

chopraajaycpa@gmail.com
We will be happy to hear your thoughts

Leave a reply

DGFT Consultancy
Logo
Compare items
  • Total (0)
Compare
0