India: Sugar Semi-annual
India’s centrifugal sugar production in marketing year (MY) 2018/19 (October-September) is revised up to 35.9 million metric tons (MMT), 5 percent above last season due to expectation of a record national sugar recovery rate of 11.9 percent, which is 0.5 percent above the season ending September 2018. For the second year in a row Uttar Pradesh (UP) will be the largest producer of sugar in India, followed by Maharashtra and Karnataka. More productive short-duration canes will boost total sugarcane production to 423 MMT on 5.2 million hectares. India likely will export at least 2 MMT of sugar (mostly raw) in the MY 2018/19 (out-year). With more incentives and mandatory targets, total export sales may climb to 4 MMT.
