The world's biggest consumer of the sweetener is likely to produce 31MT of sugar in the new season, nearly 13 percent more than a year ago, the Indian Sugar Mills Association (ISMA) said in a statement.
Reuters
India needs to export 6 million tonnes (MT) of sugar in 2020/21 marketing year started on October 1 as the production is set to jump on higher area, a leading trade body said on Monday.
The world's biggest consumer of the sweetener is likely to produce 31MT of sugar in the new season, nearly 13 percent more than a year ago, the Indian Sugar Mills Association (ISMA) said in a statement.
India started the new marketing year with carry forward stocks of 10.64MT, lower than the 14.58MT a year ago, the ISMA said.First Published on Oct 19, 2020 04:15 pm