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India’s sugar output could fall further, benefitting Thai exports

Sugar mill workers load harvested sugar cane in a tractor trolley in Sangli district, in the western state of Maharashtra, India, Dec 3, 2022. (Reuters file photo)

SANGLI/SATARA/SOLAPUR: India is set to produce lesser sugar than previously estimated by industry bodies and government agencies, with the cane crop maturing early and losing weight due to weather conditions in key growing regions, farmers and traders told Reuters.

Lower sugar output could prevent the world’s second-biggest exporter from allowing additional exports, potentially supporting global prices , and helping rivals Brazil and Thailand to increase their shipments.

India was estimated to produce 34 to 34.3 million tonnes of sugar in the 2022/23 marketing year…

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