India's Oct-Nov sugar output drops as mills start late: Trade body

Indian sugar mills have produced 4.32 million metric tons of sugar, down 10.7% YoY, due to delayed operations in Maharashtra and Karnataka due to price disputes with farmers. This could lead to reduced export quotas and support for global prices t...

IANS
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Indian mills have produced 4.32 million metric tons of sugar since the current season began on Oct. 1, down 10.7% year on year, as mills in two key states started operations later than usual, a leading trade body said on Friday.

Lower sugar production could lead the world's second-largest producer to refrain from allocating export quotas and support global prices, that are trading near multi-year highs.

The start of sugar cane crushing in the western state of Maharashtra and neighbouring Karnataka was delayed to Nov. 1 because of a dispute with farmers over prices, Jaiprakash Dandegaonkar, president of National Federation of Cooperative Sugar Factories (NFCSF) said.


Mills in the northern state of Uttar Pradesh started operations early this year, he said.
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