India sugar output seen lower than forecast, curbing exports
KOLHAPUR, India, Feb 18 (Reuters) – India is likely to produce less sugar than initially estimated, as excessive rainfall across major producing states is resulting in lower cane yields, farmers and trade officials told Reuters, capping exports from the world’s second-largest producer. Traders said India may struggle to ship even half of its allocated export quota, lending support to global sugar prices that are hovering near five-year lows while also lifting domestic prices. India is expected to produce between 28.5 million and 29 million metric tons of sugar in the 2025/26 marketing year ending in September, according to internal estimates