Indian trade body trims sugar output estimate on lower yields
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MUMBAI - India is likely to produce 30.2 million tonnes of sugar in 2020/21, nearly 2.6% lower than previously forecast, after cane field yields and the rate of sugar extracted fell in key states, a leading trade body said on Thursday.
Uttar Pradesh, India's top sugar producer, is expected to churn out 10.5 million tonnes in the 2020/21 marketing year, which started on Oct. 1, down from a previous forecast of 12.5 million tonnes, the Indian Sugar Mills Association (ISMA) said.
In the western state of Maharashtra, the country's second-biggest producer, output is projected at 10.54 million tonnes, down from a previous estimate of 10.8 million tonnes.
India is the world's second-biggest producer of sugar and largest consumer of the commodity.
