Business Standard

No urgency for sugar import: Govt

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

sugar, sugarcane
Premium

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

Don't miss the most important news and views of the day. Get them on our Telegram channel

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

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com