homeeconomy NewsIndia needs to export 6 million tonnes of sugar as output rebounds: Trade body

India needs to export 6 million tonnes of sugar as output rebounds: Trade body

India needs to export 6 million tonnes of sugar in 2020/21 marketing year started on Oct. 1 as the production is set to jump on higher area, a leading trade body said on Monday.

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By Reuters Oct 19, 2020 4:23:53 PM IST (Published)

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India needs to export 6 million tonnes of sugar as output rebounds: Trade body
India needs to export 6 million tonnes of sugar in 2020/21 marketing year started on Oct. 1 as the production is set to jump on higher area, a leading trade body said on Monday.

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The world's biggest consumer of the sweetener is likely to produce 31 million tonnes of sugar in the new season, nearly 13% 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 10.64 million tonnes, lower than the 14.58 million tonnes a year ago, the ISMA said.

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