Home Commodity Market News India's Oct.1 to Nov. 15 sugar output rises 24.3% y/y

India's Oct.1 to Nov. 15 sugar output rises 24.3% y/y

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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.

India's Oct.1 to Nov. 15 sugar output rises 24.3% y/y

Source: Brecorder

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