USDA estimates a 26% spike in India's Sugar output on monsoon effect
The sugar production estimate for the ongoing 2024/25 season has been revised down to 28 MMT (raw value) due to the adverse impacts of El Niño and limited groundwater resources for irrigation. Sugar consumption for the upcoming year is anticipated to reach 31 MMT, which is 5 percent higher than the estimate for MY 2024/25, driven by sustained growth from the food service sector. Post expects total raw and refined sugar exports and ending stocks to increase in the outyear based on the projected increase in production.
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