India sugar output for 2019-20 unlikely to see big revision: ISMA

The trade body also estimates more than 800,000 tonnes of sugar cane production will be diverted to ethanol in the 2019-20 season.

India to keep sugar export subsidies even as rivals complain-sources

India’s exports surged to 3.3 million tonnes from 620,000 tonnes a year earlier.

India’s money-losing sugar mills have run up a record USD 4.38 billion in arrears to 50 million cane farmers.

Sugar cane arrears to farmers have crossed Rs 20,000 crore in the current marketing year 2018-19.

Of the total contracts, about 8-10 lakhs have already been shipped overseas, ISMA Director General Abinash Verma said.

Sugar production is likely to decline to around 30 million tonne in SS 2018-19 from the record high of 32.3 million tonne in SS 2017-18.

The overall sugar output is pegged lower at 30.7 MT for the current marketing year (October-September) compared to 32.5 MT during 2017-18.

Much of the shipment is being undertaken from states like Maharasthra and Karnataka.

India has so far contracted to export 2,75,000 tonnes sugar from its record production of 32.25 million tonnes.

India will have enough sugar to meet domestic demand without overseas purchases