Why India becoming world's top sugar producer is no good news for companies

India toppling Brazil to become the world’s largest sugar producer may not be a good news for companies related to the production of this commodity back home. This, experts say, is on the back of the differential between the minimum selling price (MSP) of the commodity and the production cost, and the existing buffer/inventory in the country amid falling consumption.

India’s production, according to the US Department of Agriculture’s Foreign Agricultural Service, may rise 5.2 per cent to a record 35.9 million metric tonne on increasing acreage and improving yields. Sugar output in Brazil, on the other hand, may tumble