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Maharashtra to create record sugar levels in new season

Maharashtra to create record sugar levels in new season

Maharashtra can produce 13.8 million tons of sugar in the crop.

MUMBAI:

The state government said in a statement on Monday, top sugar producing state Maharashtra will hit a record level for the second consecutive year as farmers expand sugarcane acreage.

Higher production will affect local prices and may prompt New Delhi to allow sugar exports in the 2022/23 marketing year starting October 1. Indian exports could affect global sugar prices bridge.

Maharashtra can produce 13.8 million tonnes of sugar in the crop, slightly higher than 13.7 million tonnes this year, the state government said.

Mills in the state will start pressing sugarcane from October 15, and the crop can last for 160 days.

Government sources last week told Reuters that India is ready to allow exports of 5 million tonnes of sugar in the first batch for the new marketing year that begins in October.

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