Indian trade body raises sugar production estimate.

India is likely to produce 31.45 million tonnes of sugar in 2021/22 marketing year, nearly 3.1 percent more than the previous estimate, as output is set to jump in the key western state of Maharashtra, a leading trade body said on Monday.

India is the world's second-biggest sugar producer and the higher output could weigh on global prices. Maharashtra's sugar output is likely to rise by 10 percent from a year ago to a record...