India Sugar Annual 2013 Report
Report Highlights:
Indian sugar production for marketing year (MY) 2013/14 (October-September) is forecast to decline by 8 percent to 25.3 million metric tons (raw value basis) on lower cane production and higher diversion for alternative sweetener. India is set to become a net sugar importer in MY 2013/14 on relatively strong domestic prices. The government’s reform of marketing controls on the sugar industry will give millers greater flexibility in managing sales and cash flows, which in will ensure timely payment to cane farmers.
