It’s not yet of biblical proportions but drought and then flood in Maharashtra and Karnataka are having significant effects on sugar content, cane availability, and later capacity utilisation.
Floods and torrential rains in the western and southern parts of India, especially in Maharashtra and Karnataka, may pull down India’s sugar output by as much as 25% from the last year, analysts estimate. However, the actual damage to India’s cane output can only be ascertained when the government completes its detailed survey. In the
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