NEW DELHI (Reuters) - India's sugar output is likely to jump 33 percent from a year ago to 27 million tonnes in 2017/18 marketing year, giving the world's second-biggest producer enough surplus for overseas sales, a senior industry official said on Friday.
India's sugar marketing year runs from October to September.
The south Asian country's consumption in 2017/18 is pegged around 25.75 million tonnes, Rahil Shaikh, managing director of ED&F Man India, said on the sidelines of a conference.
"Instead of next year, we'll have a large surplus this year itself, resulting in exports to suck that extra supply out of the country," he said.
(Reporting by Mayank Bhardwaj; Editing by Malini Menon)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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
