India Sugar Output to Rise, Exports to Drop, USDA Unit Says

(Adds inventories in third paragraph.)

Oct. 25 (Bloomberg) -- India’s sugar production will rise to 28.3 million metric tons in the year that started Oct. 1 from 26.65 million a year earlier, a U.S. Department of Agriculture unit said.

Exports will drop to 2.5 million tons from 3.2 million, the USDA’s Foreign Agricultural Service said in a report posted today on the agency’s website.

Inventories will rise to 6.86 million tons from 6.06 million a year earlier, the USDA unit said.

--Editor: Patrick McKiernan

To contact the editor responsible for this story: Patrick McKiernan at pmckiernan@bloomberg.net