India’s 2021/22 sugar output could rise by 3% to 31.9 mln T-trade body
India’s sugar production in the 2021/22 marketing year is likely to rise by 3% from a year ago to 31.9 million tonnes on higher yields in the western state of Maharashtra, a trade body said on Thursday.
India is the world’s second-biggest sugar producer and the higher output could weigh on global prices. SBc1, LSUc1.
Sugar mills could divert a record 3.1 million tonnes of sugar for ethanol production in the current marketing year that ends on Sept. 30, the All India Sugar Trade Association (AISTA), said in a statement.
Source: Reuters (Reporting by Rajendra Jadhav; Editing by Toby Chopra)