Investing.com -- The Indian Sugar Mills Association, a representative body of producers, has revised its sugar production forecast for the current season ending in September. The new estimate stands at 26.4 million metric tons, marking a decrease of 2.94% from the previous forecast of 27.2 million tons.

The downward revision is attributed to lower sugar cane yields and the early closure of mills, which have negatively impacted this year’s output. The Indian sugar industry, a significant player in the global market, faces challenges in meeting its production targets due to these factors.

The revised estimate was announced by the Indian Sugar Mills Association on Thursday, providing an updated outlook for the country’s sugar production for the current season.

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