Thursday 7 September 2017

India's 2017/18 sugar output seen up 24.2 %


India's sugar output is expected at 25.1 million tonnes in the year beginning October, up 24.2 % from the 2016/17 season, an industry source said on Thursday.

Higher output will help India, the world's biggest consumer of the sweetener, obviate import needs in the next season.

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After letting mills import half a million tonnes of duty-free raw sugar this year, the government is soon expected to allow imports of another 200,000 tonnes at an import duty of 25 %.

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