Indian sugar output likely to hit record next season as farmers stay sweet on cane
Updated : May 31, 2018 02:36 PM IST
Farmers such as Mohan Sawant, who this year planted cane on two acres of land, say they will be sticking with the crop in the marketing season that kicks off on October 1 as it still offers larger profits than alternatives such as wheat.
That output would likely stoke a glut that has weighed on local markets, potentially pushing the country to try to ship more of the sweetener overseas and dragging on global prices that have already fallen 17 percent in 2018.
Farmers were cultivating cane on 4.87 million hectares as of last week, slightly higher than 4.79 million hectares at the same time in 2017, government data shows.
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