• SENSEX
    NIFTY 50
Commodities
Powered by:

Global sugar production to fall, but Indian output to rise: USDA

Updated : November 21, 2018 07:06 AM IST

In its biannual report, the US Department of Agriculture (USDA) said the decline in global production was primarily due to Brazil, where yields have been lower and where an increasing share of sugarcane is being diverted to ethanol production.
Indian production, meanwhile, is set to rise 1.8 million tonnes to a record 35.9 million as a greater share of land is dedicated to cultivating sugar.
Higher Indian production is set to drive an increase in global stocks, which are expected to rise to a record 53 million tonnes, even as consumption increases.
Global sugar production to fall, but Indian output to rise: USDA
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV