Sweet Talk: Sugar Output Seen Jumping In Maharashtra

Sugar output in Maharashtra, one of India's key producing states, will likely jump nearly 70 percent in 2017-2018 to 7 million tonnes as ample rainfall drives farmers to plant more cane, an industry body told Reuters. That jump would help push the country's sugar production back near consumption levels after a drop expected in the current crop year, ending Sept. 30, in the wake of a strong El Nino weather pattern that prompted severe drought. 

Increased output in the world's top consumer of sugar, used to prepare everything from sticky desserts to sweets bought as treats during festivals, could sap demand for imports, dragging on international prices that are already trading near their lowest in 10 months.

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