India’s sugar production likely to decline next season, but surplus to continue to pressure prices – ICRA

India’s sugar production is likely to decline in the sugar year (SY) 2020 due to drought-like conditions in Maharashtra and Karnataka after a record sugar production in SY2019, ratings agency ICRA said in a statement. “Despite the expected decline, pressure is likely to continue on the sugar prices and the consequent operating margins in FY2020 […]

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