El Nino is a climate phenomenon in which ocean surface temperatures rise around central and eastern tropical Pacific Ocean. It is known to occur every two to seven years on average.
The government has said that this mandatory weekly stock disclosure for these entities is another proactive step in Government of Indias efforts to maintain a balanced and fair sugar market.
News Agency IANS quoted market research analysts stating that the revised forecast, a 14% reduction, marked the lowest production in the region in the past four years.