MUMBAI (Reuters) - India is likely to produce 34.3 million tonnes of sugar in 2022/23, down 4% from the previous forecast, as sugar cane yields in key producing states fell due to adverse weather, a senior industry official told Reuters.
"Excessive rainfall and cloudy weather in September and October curtailed sugar cane's vegetative growth. Cane yields are lower than the last year," Prakash Naiknavare, managing director of the National Federation of Cooperative Sugar Factories Ltd, told Reuters.
India, the world's biggest sugar producer and the second biggest exporter, had produced a record 35.9 million tonnes of sugar in the previous season ended on Sept. 30, 2022.
(Reporting by Rajendra Jadhav; Editing by Christopher Cushing)
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First Published: Jan 17 2023 | 1:17 PM IST