date:Feb 10, 2014
India's annual sugar production is likely to drop by around 4 percent in the 2013/14 season to around 24 million tonnes as cane yields fell in key producing states due to bad weather, industry and government officials said.
A drop in output, against expectations of production remaining unchanged, would trim exportable surplus from the world's second-biggest producer and support global prices that are hovering near their lowest level in 3-1/2 years.
Lower production could harden local prices of