Ripples Advisory, Sugar output likely to hit record next season as farmers stay sweet on cane
Industry officials and traders said that farmers' devotion to cane would drive sugar production to a fresh peak in the next marketing season
India's sugar output is likely to scale record highs in the next marketing season, with farmers choosing to plant the crop despite falling prices and around 200 billion rupees ($2.96 billion) in delayed payments from mills for the current harvest.
Farmers such as Mohan Sawant, who this year planted cane on two acres of land, say they will be sticking with the crop in the marketing season that kicks off on October 1 as it still offers larger profits than alternatives such as wheat.
"Sugarcane gives me better returns ... I would wait for payment instead of getting lower profit from other crops," said Sawant in the district of Sangli, around 375 km south of Mumbai.
Industry officials and traders said that farmers' devotion to cane would drive sugar production to a fresh peak in the next marketing season. Although they said it was too far out to make estimates on the amount by which output would exceed the 32 million-tonne record expected in the current marketing season.
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