“Going by the current trend, it seems the cane area will be at least 35 percent lower next season. We will have a better understanding only in March when farmers finish planting,” a senior official at the Maharashtra state government, who declined to be named, told Reuters.
The global sugar supply is expected to tighten ahead on a combination of higher consumption, a decline Brazilian output, lower Indian exports and a poor European beet crop, Business Standard reports.
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Max Chen contributed to this article.