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India Sugar output may fall 5% to 27 mn tons in 2015-16

28 Sep 2015 Evaluate

Indian sugar output is likely to fall 5% to 27 million tons in the upcoming 2015-16 crop season due to poor monsoon rains in states such as Maharashtra, which could prop up prices amid a global glut, as per data compiled by Indian Sugar Mills Association (ISMA).

India's sugar stocks, however, are likely to rise to 9.6 million tons at the start of the season on October 1, from 7.5 million last year.