Sugar cane crushing gains momentum in India-trade body
[MUMBAI] Sugar cane crushing in India has gained momentum and mills have produced more sugar than a year ago due to higher processing in the second biggest producing western state of Maharashtra, a leading trade body said on Tuesday.
Indian mills produced 3.97 million tonnes of sugar in the first two months of the 2018/19 marketing year started on Oct 1, up 1.5 per cent from a year ago, the Indian Sugar Mills Association (ISMA) said in a statement.
Maharashtra's production during the period rose 21 per cent from a year ago to 1.8 million tonnes, while the northern state of Uttar Pradesh churned out 950,000 tonnes, down over a quarter from a year ago, the trade body said.
The world's biggest sugar consumer is likely to produce 31.5 million tonnes of sugar in the 2018/19 marketing year that started on Oct 1, against local demand of around 26 million tonnes.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Restaurant Brands tops estimates as Burger King overhaul pays off
Walmart to shut all health centers in US over lack of profitability
Coca-Cola raises annual sales forecast on global demand, higher prices
Dying salmon trouble Norway’s vast fish-farm industry
Fast-fashion giant Shein wants to sell skincare, toothpaste and toys, too
Billionaire Geiger is said to near US$7 billion L’Occitane buyout