AIRLINK 73.18 Increased By ▲ 0.38 (0.52%)
BOP 5.00 Decreased By ▼ -0.06 (-1.19%)
CNERGY 4.37 Increased By ▲ 0.04 (0.92%)
DFML 29.95 Decreased By ▼ -0.57 (-1.87%)
DGKC 91.39 Increased By ▲ 5.44 (6.33%)
FCCL 23.15 Increased By ▲ 0.80 (3.58%)
FFBL 33.50 Increased By ▲ 0.28 (0.84%)
FFL 9.92 Increased By ▲ 0.14 (1.43%)
GGL 10.35 Decreased By ▼ -0.05 (-0.48%)
HBL 113.01 Decreased By ▼ -0.61 (-0.54%)
HUBC 136.28 Increased By ▲ 0.08 (0.06%)
HUMNL 9.60 Decreased By ▼ -0.43 (-4.29%)
KEL 4.78 Increased By ▲ 0.12 (2.58%)
KOSM 4.72 Increased By ▲ 0.32 (7.27%)
MLCF 39.89 Increased By ▲ 1.54 (4.02%)
OGDC 133.90 Increased By ▲ 0.50 (0.37%)
PAEL 28.85 Increased By ▲ 1.45 (5.29%)
PIAA 25.00 Increased By ▲ 0.24 (0.97%)
PIBTL 6.94 Increased By ▲ 0.39 (5.95%)
PPL 122.40 Increased By ▲ 1.19 (0.98%)
PRL 27.40 Increased By ▲ 0.25 (0.92%)
PTC 14.80 Increased By ▲ 0.91 (6.55%)
SEARL 60.40 No Change ▼ 0.00 (0%)
SNGP 70.29 Increased By ▲ 1.76 (2.57%)
SSGC 10.42 Increased By ▲ 0.09 (0.87%)
TELE 8.85 Decreased By ▼ -0.20 (-2.21%)
TPLP 11.32 Increased By ▲ 0.06 (0.53%)
TRG 66.57 Increased By ▲ 0.87 (1.32%)
UNITY 25.20 Decreased By ▼ -0.05 (-0.2%)
WTL 1.55 Increased By ▲ 0.05 (3.33%)
BR100 7,674 Increased By 40.1 (0.53%)
BR30 25,457 Increased By 285.1 (1.13%)
KSE100 73,086 Increased By 427.5 (0.59%)
KSE30 23,427 Increased By 44.5 (0.19%)

SATARA/SANGLI/SOLAPUR, (India): Sugarcane growers in India’s top producing states are worried scanty rainfall during the crop’s crucial growth period could trim yields and reduce sugar output in the upcoming season, farmers and industry sources told Reuters.

Lower sugar production in Maharashtra and Karnataka, which together account for more than half of India’s total output, would reduce exports from the world’s second-biggest producer of the sweetener and support global prices trading near multi-year highs.

“Sugarcane thrives on the abundant rainfall experienced from June to September, but this year’s growth has nearly stalled due to poor rainfall,” said Bharat Sankpal, a farmer from the Satara district of the western state of Maharashtra, India’s No.1 sugar-producing state.

Key cane-growing districts of Maharashtra received up to 71% less-than-normal rainfall so far this monsoon season that started on June 1, according to the weather department data.

In neighbouring Karnataka, the third-biggest sugar producer, rainfall deficit is as high as 55% in cane-growing districts. Sugarcane yields fell last year due to lower rainfall in June-July, and the same weather pattern is prevailing this year as well, said Shrikant Ingale, a farmer from Solapur district in Maharashtra.

Maharashtra, which was expected to produce 13.8 million metric tons of sugar in the 2022/23 marketing year ending Sept. 30, produced only 10.5 million tons due to lower cane yields.

The industry was expecting production would revive in the 2023/24 marketing year starting Oct. 1, but scanty rainfall has washed away hopes of any revival in the output, said B.B. Thombare, president of the West Indian Sugar Mills Association.

“Instead, there will be a drop in production in the upcoming season. The quantum of the drop depends on how much rainfall we receive in the next few months,” Thombare said. Sugar output in the current year is expected to fall more than 8% to 32.8 million tons from last year.

Comments

Comments are closed.