Sugarcane output target fixed at 470 mt, more ethanol may lead to lower sugar
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In anticipation of a potential decline in sugar production, the Agriculture Ministry has set a target of 470 million tonnes (mt) of sugarcane for the 2024-25 crop year (July-June). This projection signals a need for government intervention to stabilize sugar prices. With concerns looming over the forthcoming season’s output, measures may be necessary to mitigate market fluctuations and ensure stability in the sugar industry.
Sugar production in next season may see a decline from current one after the Agriculture Ministry fixed a target of 470 million tonnes (mt) of sugarcane production during the 2024-25 crop year (July-June), potentially requiring government intervention to make sugar prices stable.
