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India to surpass Brazil as top sugar producer, eyes bigger export share


By Rajendra Jadhav and Roberto SamoraMUMBAI/SAO PAULO (Reuters) - India will surpass Brazil as the world's top sugar producer next year, with the South American country losing its lead for the first time since the 1990s as its mills allocate increasingly more cane for ethanol production and as low investments dent cane yields.At the same time, with subsidy schemes for a politically sensitive sector, India is expected to churn out a record sugar production of about 35 million tonnes in 2018/19 year starting in October, while Brazil's output could retreat by about 10 million tonnes from a year ...

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First Published: Wed, September 05 2018. 23:33 IST