Sugar output estimates unchanged at 24.5 mn tonnes
The governnment today kept the country's sugar production estimate unchanged at 24.5 million tonnes for 2010-11 despite some "minor seasonal effects" on the sugarcane cultivation.
March 05, 2011 / 01:13 IST
The governnment today kept the country's sugar production estimate unchanged at 24.5 million tonnes for 2010-11 despite some "minor seasonal effects" on the sugarcane cultivation.
The output stood at 18.8 million tonnes in 2009-10 sugar year (October-September). India is the world's second largest producer of the sweetner."We have kept the sugar production figure unchanged at previous estimate of 24.5 million tonnes," a senior official said after a high-level meeting of Cane Commissioners of all sugar producing states.The domestic demand of the sweetner for this year is pegged at 22.5 million tonnes, he added.The government's production estimate is lower by 5,00,000 tonnes than the industry's projection of 25 million tonnes.The industry has pegged the demand at 22 million tonnes.Today's meeting was attended by Cane Commissioners of Maharashtra, Uttar Pradesh, Karnataka, Tamil Nadu, Andhra Pradesh, Gujarat, Uttarakhand and Haryana. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!