India’s Oct-Dec sugar output rises 4.3%

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Indian sugar mills have produced 11.56 million tonnes of sugar in the first three months of 2021/22 marketing year, up nearly 4.3% from the same period a year earlier, a trade body said on Monday.

India is the world’s second-biggest sugar producer and the higher output could weigh on global prices. Sugar mills have so far contracted to export about 4 million tonnes of sugar in the new marketing year that started on Oct. 1, the Indian Sugar Mills Association (ISMA) said in a statement.

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