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India’s sugar output next season may rise to 36 million tonnes, says USDA
India’s sugar production is projected to increase by 4 million tonnes (mt) to 36 mt in 2023-34 season (October 2023-September 2024), the US Department of Agriculture (USDA) has said. But the output could be affected in the case of El Niño turning out to be a strong event in Asia, say analysts.
Business • 30 May 2023 • The Hindu Businessline
India’s sugar production is projected to increase by 4 million tonnes (mt) to 36 mt in 2023-34 season (October 2023-September 2024), the US Department of Agriculture (USDA) has said. But the output could be affected in the case of El Niño turning out to be a strong event in Asia, say analysts.
“India’s production is estimated up 4 mt to 36 mt on higher sugarcane area and yields. Consumption is anticipated to be up on increased demand from bulk buyers and processed food manufacturers,” the USDA said in its bi-annual “Sugar: World Markets and Trade” report.
India’s sugar production in the 2022-23 season has been estimated at 32.8 mt, down from 3.8 mt last season, by the Indian Sugar Mills Association (ISMA), a body of private mills. The output was initially estimated over 36 mt.
