India’s Oct-Nov sugar output drops as mills start late: Trade body
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Indian mills have produced 4.32 million metric tons of sugar since the current season began on Oct. 1, down 10.7% year on year, as mills in two key states started operations later than usual, a leading trade body said on Friday.
Lower sugar production could lead the world’s second-largest producer to refrain from allocating export quotas and support global prices, that are trading near multi-year highs.
The start of sugar cane crushing in the western state of Maharashtra and neighbouring Karnataka was delayed to Nov. 1 because of a dispute with farmers over prices, Jaiprakash Dandegaonkar, president of National Federation of Cooperative Sugar Factories (NFCSF) said.
