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Industry expects 44% increase in sugar output next year
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Tuesday, 29 December, 2009, 08 : 00 AM [IST]
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Our Bureau, Mumbai
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India’s sugar output is expected to rise by 44% to 23 million tonnes in the crop year that starts from October 2010, as higher prices are likely to support cane cultivation. The output in 2010-11 would be substantially higher than the expected 16 million tonnes during 2009-10, according to Vinay Kumar, managing director, National Cooperative Federation of Sugar Factories Ltd. India’s annual sugar demand is pegged at 23mt.
Bumper planting was going on in Uttar Pradesh because of higher prices. Millers in the state have agreed to pay Rs 190-195 per quintal, compared to Rs 140-145 last year.
After being a net importer for two straight years, India may become self-sufficient in 2010-11, says Narendra Murkumbi, managing director, Shree Renuka Sugars Ltd, the country’s biggest refiner. India turned into a net importer last year, after exporting a record 5mt of sugar in 2007-08, as lower cane output triggered by a glut in the previous two years hit sugar production. In 2007-08, India produced 26 mt, followed by 14mt in 2008-09.
Meanwhile, refiners would get more time to comply with export obligations as the priority now was to meet domestic demand. Under the Advance Licensing Scheme, sugar mills were allowed to import 21.4 lakh tonnes of raw sugar in 2004-05 season and were automatically obligated to export an equal quantity by December 31,2009.
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