MUMBAI: Output at Indian sugar mills from Oct. 1 to Nov. 15 rose by nearly a quarter year on year to 2.09 million tonnes as many operations started crushing earlier than usual, a trade body said on Wednesday.
India is the world’s second-biggest sugar producer and the higher output could weigh on global prices.
Sugar mills have so far contracted to export 2.5 million tonnes of sugar in the 2021/22 marketing year that started on Oct. 1, the Indian Sugar Mills Association (ISMA) said in a statement.
Source: Brecorder
