Sugar output likely to increase sharply on decent monsoon
Farmers have experienced a good rainfall in the major Sugarcane cultivating areas in India during the current marketing year (October-September), which is likely to boost sugar production during the marketing year 2017-18.
Government expects sugar production to reach 25 million tonnes in next marketing year, an increase of 24 percent from 2016-17.
Sugarcane production in India, world’s second biggest Sugar producing country, has dropped during the current marketing year. Major Sugarcane cultivating areas in India depend on the rainfall and during first three quarter of current marketing year, shortage of rainfall was seen.
Major Sugarcane cultivating states like Maharashtra and Uttar Pradesh mainly depends on the rainfall, while Karnataka depends on the irrigation methods.
Uttar Pradesh government has estimated the output to be 10.2 million tonnes which is higher than the previous year, Maharashtra as of now could only estimate the produce to be 6.8-7.4 million tonnes this year. While Karnataka has not yet estimated the production, but state is expecting very good output.
Source: Commodity Online; Published on:26/09/2017