date:Jan 15, 2016
orily export 4 million tons of sugar in the 2015-16 season and offered a subsidy on exports. The shipments are meant to enable mills to clear money owed to the nations 50 million cane growers.
Production in Maharashtra may drop 24 percent to as low as 8 million tons
this season from 2014-15, Babar said. The the first back-to-back shortfall in monsoon rain in three decades in India is curbing planting of the new crop and sugar output in 2016-17 season may further slide to 6 million tons, he said