Sugar Production To Touch 180 Lakh Tonne

Image
PRESS TRUST OF INDIA
Last Updated : Aug 04 2000 | 12:00 AM IST

Taking into account last year's carry over stock of 67.23 lakh tonne, the total availability of sugar works out to 247.23 lakh tonne during the current season against the estimated consumption of 150.84 lakh tonne, he said in a written reply in the Rajya Sabha.

The sugar stock at the end of the season in September, 2000 is expected to be of the order of 96.39 lakh tonne, the minister said.

Chauhan said the government had taken a number of measures -- including reduction in levy obligation from 40 per cent to 30 per cent of production, increase in customs duty to 60 per cent together with existing countervailing duty of Rs 850 per tonne -- to restrict the inflow of imported sugar.

In order to improve the viability of the sugar mills, the government is pursuing a policy of encouraging stability and reasonable level of sugar prices in the open market through judicious release of free-sale sugar quotas, advance release of free-sale sugar to the needy factories and export of up to 10 lakh tonne of sugar, he said.

Chauhan said no sugar mill had so far reported closure or indicated sickness due to higher production or stocks.

*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: Aug 04 2000 | 12:00 AM IST

Next Story