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The early closures counsel Maharashtra will produce far much less sugar than the preliminary estimate of 13.8 million tonnes and convey down the nation’s complete manufacturing.
Decrease sugar output may stop the world’s second-biggest exporter from permitting extra exports, doubtlessly supporting world costs and permitting rivals Brazil and Thailand to extend their exports.
Maharashtra, which accounts for greater than a 3rd of India’s sugar output, has produced 9.51 million tonnes sugar within the 2022/23 advertising yr that started on Oct. 1, down from 9.73 million tonnes on the identical level final season, a senior authorities official advised Reuters on Thursday.
“In Solapur division, 13 mills have closed and one other 20 will shut in a fortnight,” stated the state authorities official, who declined to be recognized.
All mills within the state, besides round two dozen, will shut operations by the top of March, the official stated.
Sugar mills in Maharashtra had been operational till mid-June in 2021/22 as they harvested a document crop.
