India's sugar production could fall nearly 18 per cent in 2019-20 as a drought followed by floods is expected to curtail output in the country's second-biggest producing state, a trade body said on Friday.
The lower output could help India reduce stockpiles swelled by two years of record production and lower-than-expected exports. India is the world's largest producer and consumer of sugar.
The sugar production during the 2019-20 marketing year that began on October 1 could fall to 27.4 million tonnes from 33.2 million tonnes in 2018-19, according to the All India Sugar Trade Association.
Output in the western state of Maharashtra could fall 39 per cent to 6.5 million tonnes in the year, the trade body said.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.