Maharashtra had produced 138 lakh tonnes of sugar in the 2021-22 season, a record in the state’s history. The state, which accounts for more than one third of the country’s sugar production, was looking to break this record in the current season due to equally high planting of sugarcane. However, as the crushing season is half over, it has become clear that the sugar production will be lower than the previous year.
Will RBI announce steep rate hikes? Nomura sees up to 50 bps increase by Dec, dismisses 125 bps hike fears
Nomura expects the RBI to pursue a limited tightening cycle, with a possible 50 bps rate hike by December, as food and energy pressures rise
September 28, 2026