Lower production may prompt sugar exports being shifted from a ‘restricted’ to ‘prohibited’ category and stringent stock holding limits introduced.
India’s sugar output is expected to fall further to 30 million tonnes in the current crushing season that started on October 1st, against domestic consumption requirements of 27.5-28 million tonnes. This is due to El Nino induced 59% lower-than-normal monsoon rainfalls in August which is likely to drag down cane and sugar production in the
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