India: Sugar Semi-annual 2014
Post forecast centrifugal sugar production for marketing year (MY) 2014/15 at 27.3 MMT (raw value), a decrease of 640,000 metric tons (MT). This revision reflects less-than-anticipated sugarcane acreage in Uttar Pradesh and adjoining states. Tighter sugar supplies will boost opportunities for imports in MY 2014/15, which are now forecast at 1.0 MMT (mostly raw). Sugar exports for MY 2013/14 are revised from 1.8 MMT to 2.7 MMT as per the most recent trade estimates.