India's sugar output rises 4,3%

Indian sugar mills have produced 11.56 million tonnes of sugar in the first three months of 2021/22 marketing year, up nearly 4.3% from the same period a year earlier, a trade body said.

It is reported by Nasdaq.

India is the world's second-biggest sugar producer and the higher output could weigh on global prices.

Sugar mills have so far contracted to export about 4 million tonnes of sugar in the new marketing year that started on Oct. 1, the Indian Sugar Mills Association (ISMA) said in a statement.