Wednesday, October 05, 2016

(USDA) Indian centrifugal sugar production in marketing year (MY) 2016/17 (out-year) is revised down by six percent to 23.9 million metric tons (MMT). Despite higher sugar production in Uttar Pradesh, lower than anticipated sugar production from Maharashtra and Karnataka will further push overall production levels below last year. Assuming normal sugarcane yields and a net decline in planted area, overall sugarcane production during the out-year is now revised lower to 324 MMT from 4.57 million hectares. Commercial trade will be minimal.