Western India sugar mill association (WISMA) said that India is expected to 2017/18 sugar market oversupply quantity is expected to increase to 5.3 million tons, for producing grain yield increase, and makes the country produced a record 30.3 million tons this year's sugar.

          Chairman of WISMA B.B.T hombre said on Monday, because the Indian state of maharashtra, the second big producing of sugar production is expected to once upon a time a year jumped to 10.6 million tons, 4.2 million tons of excess supply of the country's sugar city increase.

         In uttar pradesh, India's largest sugar producer, sugar production is expected to rise to 10.8m tonnes, up from 8.8m tonnes a year earlier, Thombre said.
         In march, the Indian sugar refinery association (ISMA) forecast a surplus of 4.5 million tons of sugar in the country and 29.5 million tons of sugar in 2017/18.
        Excess supply is higher than expected or pressure on the country's sugar price. Indian sugar prices fell last week to their lowest level since December 2015.

        Globally, sugar prices hit a two-and-a-half-year low, and expectations that India lifted its export tax policy last month to boost the country's export surge could further depress prices.
        WISMA or adjust production estimates, because the sugar mills of uttar pradesh and maharashtra are still working on sugar cane, and the squeeze was usually done at 3 monthly statement.

        It is much better than last year, says Thombre. Moreover, maharashtra and uttar pradesh, many sugar mill is still in operation, is expected to squeeze work will also need a few days, last week, India requires sugar mill to export 2 million tons of sugar in order to reduce inventory to support the country's sugar.
        On March 20th India also scrapped a 20% tax on sugar exports, a move intended to boost sugar exports.

        India's domestic sugar prices have fallen 16% in the past six months. In addition to increased production and oversupply, sugar mills are also aggressively selling cash to pay for sugar cane farmers.
        Turn from: guangxi sugar net.