Thursday, January 19, 2017
Sixty-six lakh MT of sugar produced by mills during sugar season ’16-17
Monday, 02 January, 2017, 08 : 00 AM [IST]
Our Bureau, New Delhi
During the sugar season 2016-17, the sugar mills of the country have commenced the crushing operation smoothly and have produced about 66 lakh metric tonnes (MT) of sugar so far. The sugar production is expected to be about 22.5 million MT by the end of the season. With a carryover stock of 7.71 million MT, the total availability of sugar is sufficient to meet the estimated domestic requirement of about 25 million MT.
The stock position at the close of the current sugar season (September 2017) is likely to be 5.21 million MT, which will be carried forward to the next sugar season (2017-18), according to a release by the ministry of consumer affairs, food and public distribution.
Further, the sugar production in the next sugar season (2017-18) is expected to be good and is likely to start early, and therefore there will be no shortage of domestically-produced sugar in India. By November 2017, another two million MT would be available from early crushing. The government has taken the necessary steps to maintain sufficient stocks in the country and keep the sugar prices under control.
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