Sugar output falls 16%; cooperative body flags production ambiguity

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The story "Sugar output falls 16%; cooperative body flags production ambiguity" was covered 8 hours ago by Business Standard, a news publisher based in India.

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Sugar output falls 16%; cooperative body flags production ambiguity - Business Standard

Quick Summary:

India's sugar production has declined by 16.13 per cent to 23.71 million tonnes so far in the ongoing 2024-25 season, creating challenges for government policies which were formulated based on higher initial projections, cooperative body NFCSF said on Sunday.

Sugar production estimates have been repeatedly revised downward since the season began, creating challenges for government policies which were formulated based on an initial projection of 33.3 million tonnes, the industry body said in a statement.

The National Federation of Cooperative Sugar Factories (NFCSF) expressed concern over the "ambiguity" in sugar production numbers as the 2024-25 sugarcane crushing season (October-September) nears its end with significantly lower output than initially projected.