India to produce surplus sugar in 2017/18

India to produce surplus sugar in 2017/18

The country is likely to produce 23.4 million tonnes of sugar in 2016/17, down around 7 per cent from a year ago as back-to-back droughts ravaged the crop in top-producing western state of Maharashtra. (Reuters)

New Delhi, Delhi, India | Dec 19, 2016, 06.06 PM (IST)

India is likely to produce surplus sugar in 2017/18 as farmers have increased cane-growing area, a leading industry body said on Monday.

The world's biggest consumer of sugar is unlikely to import the sweetener in the 2016/17 marketing year that started on October 1, as the country has ample carry forward stocks from last year, Abinash Verma, director-general of the Indian Sugar Mills Association told reporters on the sidelines of a conference.

The country is likely to produce 23.4 million tonnes of sugar in 2016/17, down around 7 per cent from a year ago as back-to-back droughts ravaged the crop in top-producing western state of Maharashtra.

(Reuters)

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