💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

India forecasts 2015/16 sugar output at 26 mln tonnes

Published 10/10/2015, 12:29 am
Updated 10/10/2015, 12:38 am
India forecasts 2015/16 sugar output at 26 mln tonnes

NEW DELHI, Oct 9 (Reuters) - The Indian government on Friday forecast this year's sugar output at 26 million tonnes, nearly 4 percent lower than the estimates of the Indian Sugar Mills Association (ISMA), a producers' body.

The food ministry arrived at the 2015/16 output estimate after taking inputs from officials of top cane growing states such as Uttar Pradesh, Maharashtra and Karnataka.

Output is likely to fall because of back-to-back drought years for only the fourth time in over a century.

Last month, the ISMA forecast an output of 27 million tonnes, down from 28.3 million tonnes produced in the 2014/15 season. ID:nD8N11801V

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.