Sugar Production Likely to Lose Footing by 5.3 Percent

March 07 06:51 2014

sugarNew Delhi, Friday, March 7 – Sugar production of the country will probably skid by 5.3% in the present marketing year through September, hitting a second consecutive year of slump, primarily by reason of a diversion of sugarcane for use by jaggery manufacturers and uneven climate conditions in major manufacturing states.

As compared with 25.14 million tonne a year earlier, production of sugar in the biggest customer and second major producer of the planet will probably skid to 23.80 million tonne in 2013 to 14. More to the point, nearly six months ago, sugar output for 2013-14 was estimated at 25 million tonne.

On the other hand, lacking a key policy intervention, attaining the peak export objective appears complicated in spite of a feeble Indian rupee. The output of sugar was pushed down due to delay in squeezing of the sugarcane by approximately a month in 2014 in states for instance Uttar Pradesh that encouraged a lot of farmers to offload their produce to rival factory units.