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Sugar output up 24% at 21 lakh ton till Nov 15 this season; export contract at 25 lakh ton : Rashtra News India's sugar production rose 24 per cent to 20.9 lakh tonnes during October 1-November 15 on higher output in Maharashtra and Karnataka, while mills have entered into contracts to export 25 lakh tonnes ....
Raw sugar prices are expected to post an annual gain of nearly 20% in 2024 as the global market shifts into a deficit in the upcoming season, a Reuters poll of 12 traders and analysts showed. Output in Centre-South Brazil, the leading production region, is expected to remain strong despite a modest drop in the cane crop with mills favouring production of the sweetener over biofuel ethanol. The poll's median estimate was for a global sugar surplus of 500,000 metric tons for the current 2023/24 season (October to September), which will flip into a deficit of 700,000 tons in 2024/25. ....
Maharashtra s sugar production fell to 5.1 million tons from 6.09 million tons, while Karnataka s production dropped 12.7% to 3.1 million tons, the National Federation of Cooperative Sugar Factories said in a statement. ....
India s sugar output this crop year, hit by weak rains, is set to lag consumption for the first time in seven years, according to traders and a survey of farmers, and lower plantings may even force the world s No.2 producer to import the following year. ....