India: Sugar Annual
Post’s out-year production forecast for Indian centrifugal sugar in marketing year (MY) 2016/17 (Oct-Sept) is 25.5 million metric tons (MMT), a decline of 2.2 MMT from MY 2015/16. Production gains from Uttar Pradesh, Tamil Nadu, and other states will compensate for about one-third of the combined losses from Maharashtra and Karnataka. India will produce 27.7 MMT in MY 2015/16, which also marks a decline from the 30.5 MMT of sugar produced last year. Assuming normal market conditions, India will be a net sugar exporter in MY 2016/17 and imports will be negligible.
