India: Sugar Annual
India’s centrifugal sugar production in marketing year (MY) 2018/19 (Oct-Sept) is expected to rise 4.2 percent to a record 33.8 million metric tons (MMT). Uttar Pradesh will be the largest producer of sugar in India, for the third year in a row. A higher sugarcane production forecast of 415 MMT on 5.2 million hectares (MH) will contribute to the above estimates. Assuming normal market conditions, sugar mills will be encouraged to use up surplus inventory of up to 6 MMT. With incentives, this surplus could be exported, as out-year sugar supply will be 31 percent over consumption and normal stock requirements (34.4 MMT).
