 "Sugar output may rise 24.2% to 25.1 mt in FY18: Source")
India's sugar output is expected at 25.1 million tonnes in the year beginning October, up 24.2% from the 2016/17 season, an industry source said on Thursday.
Higher output will help India, the world's biggest consumer of the sweetener, obviate import needs in the next season.
After letting mills import half a million tonnes of duty-free raw sugar this year, the government is soon expected to allow imports of another 200,000 tonnes at an import duty of 25%.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
