India sugar production likely to bounce back from 7-year low.

Sugar production in India is set to bounce back from a seven-year low as the area planted to cane increases and rain boosts yields in the world’s top consumer. Production may total 25.886 million metric tons in the crop year that began on Oct. 1. That would be the first increase in three years and the highest since 2014-15 when India produced 28.3 million tons, which sees the country’s output at 25.1 million tons. Increasing Indian supply will bolster expectations of a global surplus that’s seen prices tumble 22 percent this year.