INDIA: Drought seen cutting sugar production to 25 million tonnes
Published: 06/26/2012, 10:16:31 AM
Sugar output in India could drop by a million metric tonnes next marketing year because of a drought in parts of the country's biggest producing state, according to Dow Jones.
The country's sugar production is expected to drop to about 25 million tonnes in the next marketing year beginning Oct. 1, Vinay Kumar, managing director of the National Federation of Cooperative Sugar Factories Ltd., told Dow Jones Newswires.
The potential fall in output would follow two consecutive years of a bumper crop that turned the country into a sugar exporter.