Govt pegs sugar output at 27.2 mn tn for 2017-18

Image
Press Trust of India New Delhi
Last Updated : Mar 13 2018 | 8:05 PM IST
The government today pegged the sugar production estimate at 27.2 million tonnes for the ongoing 2017-18 marketing year ending September, lower than the industry's projection of 29.5 million tonnes for the period.
Sugar output of India, the world's second largest producer after Brazil, stood at 20.3 million tonnes in 2016-17 marketing year (October-September).
Industry body ISMA has revised upward sugar production estimates for the current marketing year to 29.5 million tonnes.
In a written reply to the Lok Sabha, Minister of State for Food C R Chaudhary said sugar production is estimated at 27.2 million tonnes for the current marketing year.
"With carry over stock of 4 million tonnes and estimated production of about 27.2 million tonnes, the availability of sugar in the country during 2017-18 is estimated to be about 31.2 million tonnes," he said.
The minister said sugar availability will be more than the estimated annual demand of 25 million tonnes.
Sugar production in top three producing states of Uttar Pradesh, Maharashtra and Karnataka is pegged at 10.1 million tonnes, 9.05 million tonnes and 3.15 million tonnes, respectively, in 2017-18 year, according to the data placed before Parliament.
In a separate reply, the minister said that the country had a stock of 15.8 million tonnes till February of this year.
On exports, he said about 5.5 lakh tonnes of sugar has been exported up to January, out of which 99 per cent has been done under the Advance Authorisation Scheme.
The government will take necessary measures at appropriate time to promote export of sugar, if required, depending upon the domestic production and availability, he added.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 13 2018 | 8:05 PM IST

Next Story