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Maharashtra to start sugarcane crushing on Oct. 15 as cane supply seen falling to 99 million tons

AI Market Summary
Maharashtra's decision to start cane crushing earlier signals tighter feedstock availability, as the state expects lower cane supplies versus last season. Combined with India's recent approval of 1 million tons of duty-free raw sugar imports to curb elevated domestic prices, the news underscores supply constraints and policy intervention. Near term, this backdrop can support firmer sugar pricing and elevate volatility around India's import and production trajectory.
Impact level
● Medium
Affected assets
NCCOSUGAR2USD/USDT+1.23%
AI Insight · NCCOSUGAR2USD/USDTAI Insight
▲ Bullish
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Maharashtra, India’s largest sugar-producing state, said it will begin sugarcane crushing on Oct. 15, about two weeks earlier than last year. Cane supply for the new season is expected to fall to around 99 million metric tons from 104.5 million tons in the previous season. India last month approved duty-free imports of 1 million metric tons of raw sugar to ease pressure from elevated domestic prices.
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