April 2, 2014 / 7:47 AM / in 4 years

India's Oct-March sugar output down 7 pct y/y-industry body

NEW DELHI, April 2 (Reuters) - Indian sugar mills produced 21.5 million tonnes of the sweetener in the first half of the 2013/14 season that started on Oct. 1, down 7 percent from a year ago, a producers’ body said on Wednesday.

India, the world’s biggest producer after Brazil, gave a subsidy for raw sugar output to tackle a huge surplus of the refined variant, in a move that is likely to boost Indian exports of raws and put downward pressure on world prices . (Reporting by Mayank Bhardwaj; editing by Malini Menon)

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