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India’s sugar production may rise 24% to 25.1 million tonne in 2017-18
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Saturday, 09 September, 2017, 08 : 00 AM [IST]
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Our Bureau, New Delhi
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India’s sugar production is estimated to rise by 24 per cent to 25.1 million tonne in the next marketing year, starting October 2017, on higher sugarcane area, according to the Indian Sugar Mills Association (ISMA).
Sugar production of India, the world’s second largest producer after Brazil, was estimated at 20.2 million tonne in the ongoing 2016-17 marketing year (which commenced in October 2016 and concludes in September 2017).
The production is expected to rise in 2017-18, on the back of a higher cane area, owing to a good monsoon.
The government had allowed duty-free import of five lakh tonne of sugar in the months of April and May 2017 to boost the domestic supply.
It is planning to allow more imports to check the prices during the upcoming festive season. India’s sugar demand is 24-25 million tonne annually.
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