Trade body again raises sugar output and exports estimate – Times of India

MUMBAI: India may export a document 9 million tonnes of sugar in 2021/22 advertising 12 months as manufacturing is more likely to bounce to a document 35 million tonnes, practically 5% greater than the earlier estimate, a number one commerce physique mentioned on Friday.
The upper exports from the world’s second-biggest producer of the sweetener may weigh on international costs,, buying and selling close to their highest degree in 4-1/2 months.
Mills have thus far signed contracts to export 7.4 million tonnes of sugar within the present advertising 12 months that ends on Sept. 30. Of that, 5.7 million tonnes had been bodily moved by the top of March, the Indian Sugar Mills Association (ISMA) mentioned in an announcement.
The commerce physique revised its manufacturing estimate as Maharashtra is more likely to produce 13.4 million tonnes of sugar, up from a earlier estimate 12.6 million tonnes.
The nation may begin the brand new season on Oct. 1 with 6.8 million tonnes of carry ahead shares, in contrast with 8.2 million tonnes a 12 months earlier, the commerce physique mentioned.
The ISMA had revised upward manufacturing and exports estimate in March.

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