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Sugar Exports to Continue Despite 4.6 pc Dip in Output 15 Oct 2012  
Sugar Exports to Continue Despite 4.6 pc Dip in Output

Sugar Exports to Continue Despite 4.6 pc Dip in Output

 

IDUKKI, Oct.14 INDIA, the world’s biggest consumer and second-largest producer of sugar, is expected to witness a 4.6 per cent dip in output in the marketing year starting October. The government, however, has no plans to check exports as domestic supplies remain adequate.

Production of the sweetener is projected to touch 25 million tones in 2012-13, compared to 26.2 million tonnes in 2011-12, the Minister of State for Food, Prof. K. V. Thomas, said here recently, Significantly, the official projection stands higher than Indian Sugar Mills Association (ISMA) and National Federation of Co-operative Sugar Factories (NFCSF) estimates, at 24 million tonnes and 24.5 million tonnes, respectively.

Despite the anticipated dip in output, supplies would still exceed consumption, thereby preventing any irrational price surge. Prices of sugar have risen by over 15 per cent since July on fears that the poor rainfall would affect cane yield.

Adequate carry-forward stocks would also ensure steady domestic supply and maintain prices at reasonable levels during the on going festive season, Mr. Thomas said.

He added that the current policy of exports without any curbs would continue.

 

(Source: Exim India Dt. 15.10.2012)

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