India's sugar industry is closing the current season on a stable footing; but the delayed, below-normal monsoon is forcing the country's top sugar body to push back its production forecasts for the year ahead, with key growing states now firmly in the weather watchlist.
Deepak Ballani, Director General of the Indian Sugar Mills Association (ISMA), told ET Now that while the current sugar season is largely wrapped up with healthy inventory levels, the real concern is what an El Niño-driven monsoon deficit could mean for next year's crop.
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