Business Standard

No urgency for sugar import: Govt

Output, consumption estimates further revised downwards; debt restructuring for mills possible

sugar, sugarcane

Photo: Shutterstock

Rajesh Bhayani Mumbai
India’s sugar scene seems to be stabilising, with a fall in demand and estimates here remaining low for the coming months. As a result, say sources, the government is not in a rush to reduce the import duty.  

The production estimate was further reduced by the Indian Sugar Mills Association (Isma) at a meeting on Monday, from 21.3 million tonnes to 20.3 million tonnes. Their original estimate for sugar season 2016-17 (October-September) was 23.5 million tonnes. Demand has also been falling and consumption estimates have been lowered to 23.8 million tonnes.

T Sarita Reddy, president of Isma, told this newspaper: “While

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First Published: Mar 07 2017 | 12:28 AM IST

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