India's Sugar production may fall 15% on dry weather
Commodity Online | June 14 2019
UPDATED 11:26:30 IST

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Sugar production in India, the world's second largest producer of the sweetener, could fall as much as 15% in 2019/20 as severe drought hits a key growing region, industry sources said.

Sugar production is likely to fall to 28-29 million tonnes in the 2019/20 crop year starting from October, down from 33 million tonnes this year, a top official of the National Federation of Cooperative Sugar Factories Ltd (NFCSF) told Reuters.

Maharashtra, the country’s second-biggest sugar producer, could produce 6.5 million tonnes next season, down 39.2% from the current crop year, the official said.

The ongoing drought situation in the state could see cane acreage shrink by at least 28% to 8.43 lakh hectare for the 2019-20 season, against 11.62 lakh hectare in 2018-19, the state’s sugar commissioner said earlier this week.

 

Commodity Arrivals Rate
Coconut Oil 1 16800.00
Arecanut 55 5000.00
Sugar 426 3232.00
Rubber 0.1 14500.00

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