Cane Crop News Today

Survey shows output could fall 12pc this crop year, further 8.4pc in next

Indias sugar production is anticipated to decline by 8% to reach 33.7 million metric tons in the marketing year 2023/24, commencing on October 1. This projection, put forth by a prominent trade association, is attributed to the decreased rainfall in crucial sugar-producing states, which is expected to impact crop yields.

The price of sugar has also been shooting up.u.n. food agency sugar index rose more than 5% from december to january. its been going up steadily since last may. the fao says the high prices are caused by tight supply around the world. part of that shortfall is due to the destruction of nearly a quarter of australias sugar crop during cyclone yasi. north queensland grows 90% of that countrys cane crop. sugar prices are actually particularly significant for emerging markets. well take a look at th...