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Closing sugar inventory likely to be second lowest in 10 years this year

This should augur well for millers and help clear cane dues, and also ensure a steady price of the commodity in the open market

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Sanjeeb Mukherjee New Delhi
Closing stocks of sugar in the country could hit their second lowest level in 10 years at the end of the 2021-22 sugar season that started in October.

This should augur well for millers and help in clearing sugarcane dues accruing to farmers quickly. At the same time, it may also ensure a steady price of the sweetener in the open market because of reduction in stock overhang.

According to the Indian Sugar Mills Association's (ISMA)’s latest report, sugar stocks are expected to be around 6.65 million tonnes at the end of the 2021-22 season.

This is 1.5 million tonnes lower than the

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First Published: Jan 30 2022 | 8:34 PM IST

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