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Indian Sugar Mills Close Early, Lifting Local Prices
Hindustan Times Jammu
|February 11, 2025
Over three dozen sugar mills in India's leading cane-producing states halted operations last week, nearly two months earlier than usual, due to lower cane supplies caused by adverse weather, industry officials told Reuters.
MUMBAI: These early closures suggest India will produce less sugar than initially estimated. Production concerns are lifting local sugar prices and prompting mills to seek higher prices for overseas sales of their limited export quota.
The slower pace of shipments from India, the world's second-biggest sugar producer, will support global prices.
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