India needs to export 60 lakh tonnes of sugar as production likely to increase in 2020-21 season: ISMA

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New Delhi: According to the ISMA’s 1st advance estimate, sugar production is likely to increase in the country. After accounting for the reduction in sugar production due to diversion of cane juice and B-molasses to ethanol, ISMA estimates sugar production in 2020-21 at around 310 lakh tonnes of sugar.

ISMA said, “Since we expect much higher production in 2020-21 SS, India will need to continue to export about 60 lakh tonnes of the surplus sugar out of the country during 2020-21 SS.”

India started the new marketing year with carry forward stocks of 10.64 million tonnes, lower than the 14.58 million tonnes a year ago.

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