Satara: Sugar output in India is likely to increase for the consecutive fifth year following the increase in the area under sugarcane cultivation owing to the favourable climate including good rainfall and government-backed export subsidy.
Due to surplus sugar output government may again have to give for sugar export subsidy to reduce the sugar glut in the domestic market and regulate the market rates.
According to the news agency Reuters, Prakash Naiknavare, managing director of the National Federation of Cooperative Sugar Factories said, “It’s tough to give an estimate now for next season’s sugar output, but it would be higher than this year’s.”
According to Indian Sugar Mills Association (ISMA), sugar output in India is likely to reach 31 million tonnes for the marketing year 2020-21 ending September 30. The sugar output during last year was 26 million tonnes.