Indian Sugar Mills Association reports 15% drop in sugar output till February 15’ 2017 compared to last year production. Sugar mills in the country have produced 146.72 lakh tonnes of sugar this season as compared to 173.34 lakh tonnes produced as on February 15’ 2016. Moreover, as per the Chairman of All India Sugar Trade Association, India may need to import around 1.5 mt of sugar this 2016/17 season.
Information source: www.skymetweather.com