The country’s sugar output has gown by 31 percent to 142.70 lakh tonnes in the first 3 ½ months of the 2020-21 marketing year that started in October 2020, industry body Indian Sugar Mills Association (ISMA) said on Monday.
Sugar production in India, the world’s second-largest sugar-producing country, stood at 108.94 lakh tonnes till January 15 of the 2019-20 marketing year. ISMA has projected the sugar output to increase by 13 percent to 310 lakh tonnes in the 2020-21 marketing year on likely higher availability of sugarcane as against 274.2 lakh tonnes last year.
Releasing the latest production update, ISMA said India’s sugar output is higher by 33.76 lakh tonne thus far this year as compared to last year’s production for the corresponding period. As many as 487 sugar mills were in operation as against 440 in the said period, it added.
China records lowest economic growth in 45 years
Indian weak, credit growth bottoming out, Says BofA
India’s medium term growth to sluggish to 6.5pc after initial rebound: Fitch