date:Jun 03, 2014
d monsoon season, Rahil said. So even if there is El Nino, the impact on cane production won't be as dramatic as 2009/10. Water levels in India's main reservoirs were at 33 percent of capacity on May 1, up 42 percent compared to the ten-year average for this time of year, according to government data.
Cane arrears - or the amount of money that sugar mills owe to farmers - have risen to over 120 billion rupees ($2 billion), but still the area under cane will remain steady as it is giving better