Premium
This is an archive article published on October 31, 2011

India’s 2011-12 sugar output can rise to 25 mn tonnes: Thomas

We stick to our initial production estimate of 24.7 million tonnes: Thomas

Food Minister K V Thomas today said the country’s sugar production could increase to 25 million tonnes in the 2011-12 marketing season (October-September),brightening the export prospects of the sweetener.

“We stick to our initial production estimate of 24.7 million tonnes. But the output can go up a little to 25 million tonnes,” Thomas said after meeting Agriculture Minister Sharad Pawar here. India’s sugar production stood at 24.3 million tonnes (MT) in the 2010-11 marketing year.

“On the basis of production,we will soon work out a scheme so that some quantity can be exported,” Thomas said. The Food Ministry will work out the modalities for exports in the current year and will take up the proposal in the next Empowered Group of Ministers (EGoM) meeting,he added.

Story continues below this ad

Thomas also said that sugar exports would be allowed in tranches.

In the 2010-11 marketing year,the government had allowed the export of 2.6 MT of sugar. On stock-holding limits for the sweetener,the minister said,”We will lift the stock-holding limit on sugar and rice.”

In the last EGOM,the stock-holding limit on these two items was extended for two months till November.

Latest Comment
Post Comment
Read Comments
Advertisement
Advertisement
Advertisement
Advertisement