ICRA cuts Indian sugar production estimate
Rating agency ICRA has revised downwards its sugar production target for 2019 to 30,7 million tonnes from its earlier estimate of 31,5 million tonnes due to a decline in Uttar Pradesh, the largest growing State.
It is reported by BusinessLine.
The agency, however, said even at this level, sugar supply will be higher than demand.
ICRA on Friday said production may be further hit due to the diversion of &...