(Reuters) – Following are chosen highlights from a report issued on Tuesday by the U.S. Division of Agriculture’s Overseas Agricultural Service put up in New Delhi:
“Assuming regular rainfall and favorable climate situations, India’s centrifugal sugar manufacturing in advertising yr (MY) 2021/22 (October-September) is forecast to develop 3{bce2ac57dae147ae13b811f47f24d80c66c6ab504b39dda4a9b6e8ac93725942} to 34.7 million metric tons (MMT) (equal to 31.8 MMT of crystal white sugar) on a sugarcane manufacturing forecast of 389 MMT.”
“India will retain its current export coverage that can allow backed exports at six MMT. Consumption is forecast to rise 2{bce2ac57dae147ae13b811f47f24d80c66c6ab504b39dda4a9b6e8ac93725942} to twenty-eight.5 MMT, because the economic system recovers from the pandemic. Closing shares are estimated at 16.5 MMT and anticipated to additional decline as India diverts extra sugar towards ethanol manufacturing to fulfill its home mixing mandate.”
To learn the total report, click on: https://bit.ly/3aszme7
(Reporting by Marcelo Teixeira; Modifying by Sam Holmes)
(Solely the headline and movie of this report might have been reworked by the Enterprise Commonplace workers; the remainder of the content material is auto-generated from a syndicated feed.)
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