Covid impact: Domestic sugar consumption likely to dip 2 million tonnes

According to estimates, domestic institutional sales account for 65-70 per cent of the total sugar sales with the remaining emerging from the household segment

Domestic sugar consumption, which has been witnessing near-muted growth since a few years, is estimated to drop 2 million tonnes (mt) in the current sugar season (Oct-Sep), owing to the lockdown.

This is almost 7 per cent of the total production the 2019-20 season, which ends in September.

Net consumption is likely to drop to 24 mt, against the average domestic consumption (comprising all household and institutional sales) of 26 mt, National Federation of Cooperative Sugar Factories’ MD Prakash Naiknavare told Business Standard.

“Bulk of