India: Sugar Semi-annual
The centrifugal sugar production for marketing year (MY) 2015/16 is forecast at 28.5 million metric tons (MMT), six percent below last year. Despite higher production in Uttar Pradesh, lower sugar production from Maharashtra and Karnataka will push overall production levels below last year. Concurrently, sugarcane production in MY 2015/16 is revised lower to 345 MMT to indicate lower-than-expected cane yields. Sugar exports in MY 2015/16 are revised from 2.2 MMT to 2.5 MMT as per the latest trade estimate. Imports will remain negligible.
