Commodities
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.
