India: Sugar Annual
Post forecast that India will produce surplus centrifugal sugar for the sixth consecutive year. Total sugar production in marketing year (MY) 2015/16 (Oct-Sept) will reach 29 million metric tons (MMT), a marginal decrease from the current year’s estimate of 29.5 MMT. Higher sugar production in Uttar Pradesh and Karnataka will be offset by lower production in Maharashtra. Assuming normal market conditions, India will likely be a net sugar exporter in MY 2015/16 and any sugar imports will be negligible.
