date:Nov 16, 2012
Thanks to the low rainfall in major sugar-producing states of India, such as Maharashtra and Karnataka, the country's sugarcane yield has declined by approximately 40 per cent this crushing season. As a result, sugar prices have skyrocketed in both the wholesale and retail markets.
In 2011-12, Maharashtra alone produced about 705 lakh tonnes of sugarcane and approximately 90 lakh tonnes of sugar. This year the output of sugarcane and sugar have dropped to approximately 525 lakh and 70 lakh tonn