Lower-than-expected output by the world's second-largest sugar producer could eliminate the possibility of India allowing exports in the current season ending in September 2025, supporting global sugar prices.
Maharashtra, Karnataka and Uttar Pradesh account for more than 80% of the country's total sugar production, with lower cane yields in these states prompting trade houses to reduce their output estimates for the 2024-25 season.
This story is from the December 24, 2024 edition of Mint Kolkata.
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This story is from the December 24, 2024 edition of Mint Kolkata.
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