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Sugar surplus to rise to 5.3 mn tonnes for 2017/18 crop year: WISMA

The higher-than-expected surplus could pressure local prices even lower even after they fell last week to their lowest since December 2015

Reuters  |  Mumbai 

India's sugar surplus could swell to 5.3 million tonnes as production for the 2017/18 crop year is set to surge to a record 30.3 million tonnes as output rises from the top two producing states, the Western India Sugar Mills Association (WISMA) said. India's surplus will rise as output from the state of Maharashtra, the country's second-biggest producing state, is expected to jump to 10.6 million tonnes, from last year's 4.2 million tonnes, B.B. Thombre, the president of WISMA, said on Monday. In the northern Indian state of Uttar Pradesh, India's biggest ...

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First Published: Mon, April 02 2018. 19:59 IST