Sugar output outlook

NEW DELHI: India is likely to produce 26 million tonnes of sugar in the 2015-16 season that began on October 1, down 3.7 per cent from the previous estimate, as the first back-to-back drought hit cane plantation in top producer Maharashtra, a leading trade body said on Friday. Lower production could limit India’s exports and boost global prices. Indian Sugar Mills Association had cut the 2015-16 season output estimate to 27 million tonnes in September, down from a preliminary estimate of 28 million tonnes in July.