The fall in sugar production is largely a result of weather-related disruptions. Read more at straitstimes.com.
NEW DELHI – Sugar prices across the world could soar further due to a decline in sugar production in India - the commodity’s largest producer - and export restrictions imposed by the government.with a pound of raw sugar currently trading at nearly US$0.26, up from around US$0.17 in May 2013.which runs from October to September each year, at 6.1 million tonnes. Trade analysts The Straits Times spoke with said a second tranche of exports for the current cycle is unlikely.
India exported a record 11.2 million tonnes of sugar during the 2021-22 season, with consignments sent to countries such as Indonesia, Malaysia, Bangladesh, Sudan, Somalia and the United Arab Emirates. Mr Aditya Jhujhunwala, Isma’s president, said production there has fallen by around 15 per cent in the current production cycle.
The crop requires evenly distributed and timely monsoon rainfall during June and July, followed by a dry period for ripening, but this traditional weather patternThe fall in output is largely a result of weather-related disruptions in Maharashtra, a key sugarcane-growing state. PHOTO: AFP
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