Indian sugar update report [Nov 21]

Indian sugar update report [Nov 21]

Production is up 11% and totaled 4.77 Mt on November 30th. Although production in Uttar Pradesh trails behind last year due to a late start of the crush this season, output in Maharashtra is up 29% at 2.03 Mt.

Meanwhile and despite a significant slowdown in recent weeks, contracted volumes of Indian sugar exports have reached 3.5 Mt with an estimated 0.9 Mt of sugar being physically shipped.

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