Print Edition - 2018-06-01  |  Money Digest

Indian sugar output likely to hit record

SANGLI

Jun 1, 2018-

India’s sugar output is likely to scale record highs in the next marketing season, with farmers choosing to plant the crop despite falling prices and around 200 billion rupees ($2.96 billion) in delayed payments from mills for the current harvest. Farmers such as Mohan Sawant, who this year planted cane on two acres of land, say they will be sticking with the crop in the marketing season that kicks off on October 1 as it still offers larger profits than alternatives such as wheat. “Sugarcane gives me better returns ... I would wait for payment instead of getting lower profit from other crops,” said Sawant in the district of Sangli, around 375 km south of Mumbai. (REUTERS)

Published: 01-06-2018 08:45

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