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NDTV.com

Strengthening El Nino could cut India’s 2026-27 sugar output and push up prices, WMO warns

AI Market Summary
WMO warns a strengthening El Niño and drought in Maharashtra could materially reduce India's sugarcane sucrose content, harvested area, and 2026&2027 output, with impacts potentially lasting through Feb 2027. With retail prices already up sharply and authorities citing speculation/hoarding, the news reinforces near-term food inflation and agricultural supply risk, pressuring mills and potentially affecting ethanol-blending feedstock availability.
Impact level
● Medium
Affected assets
NCCOGOLD2USD/USDT-0.18%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▲ Bullish
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The World Meteorological Organization has warned that a severe rainfall deficit in India in 2026 could lower sucrose content in sugarcane, reduce the effective harvested area and curb overall output, with a near-100% chance that El Nino conditions persist through February 2027. Indian authorities say speculation and hoarding in parts of the trade have also contributed to a recent rise in retail sugar prices.
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