India's sugar output could surge 33 pct to 27 million tonnes - ED&F Man

Image
Reuters NEW DELHI
Last Updated : Feb 02 2018 | 4:45 PM IST

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

*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: Feb 02 2018 | 4:37 PM IST

Next Story