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India's sugar production could fall nearly 18% in 2019/20: Trade body

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.

January 31, 2020 / 12:06 PM IST

India's sugar production could fall nearly 18% 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.

India's sugar production during the 2019/20 marketing year that began on Oct. 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% to 6.5 million tonnes in the year, the trade body said.
Reuters
first published: Jan 31, 2020 12:02 pm

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