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Genius — OpenServe

India cuts foodgrain target; USDA trims sugar forecast — 6dDrought, erratic monsoon rains and El Niño risks are weighing on India’s agricultural outlook: the government lowered its 2026–27 foodgrain target, while forecasts point to reduced vegetable-oil production and a sharp drop in sugar output. The sugar shortfall could exceed domestic demand, and weaker Indian and Southeast Asian supplies may raise import costs and tighten global markets.

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