India's 2019-20 Sugar Output Seen Down 14.5% Year-On-Year
Despite estimates of lower output, India will be in a position to export sugar next year, the Indian Sugar Mills Association
Photo Credit : Reuters
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India is likely to produce 28.2 million tonnes of sugar in the season beginning Oct. 1, 2019, down 14.5 percent from a year earlier, a leading industry body said on Monday.
India, the world's biggest consumer of sugar, is sitting on massive mounds of the sweetener, as mills struggle to export due to unattractive global prices.
Despite estimates of lower output, India will be in a position to export sugar next year, the Indian Sugar Mills Association said in a statement.
(Reuters)
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