April 25, 2024 09:16 (IST)
Ministry says sufficient sugar available for the current sugar season
New Delhi, Apr 29 (IBNS) Ministry of Consumer Affairs, Food & Public Distribution said on Friday that India would have about 30 - 31 million MT sugar stock available for the next sugar season 2016-17, which would be sufficient to meet the domestic consumption.
The ministry has said that sugar production during 2016-17 season is estimated 23 - 24 million MT. Coupled with estimated carry over stock of 7.3 million MT from the current sugar season, the availability of sugar for the domestic consumption will 30 - 31 million MT, against the demand of about 25.5 million MT. Hence there will be no shortage of domestically produced sugar in India.
During the current sugar season 2015-16, India had started with a carry-over stock of 9 million MT from last season. The production of sugar has been estimated at about 25.3 million MT in the current season. Hence there is sufficient availability of sugar even for the current sugar season, the ministry said.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Credit card spending grows 27% YoY to Rs 18.26 trillion in FY24: RBI Thu, Apr 25 2024
Mahindra Tractors crosses milestone by selling 40 lakh tractor units Thu, Apr 25 2024
DishTV India expects to touch 30 percent market share at the end of current financial year, says CEO Manoj Dobhal Thu, Apr 25 2024
DCB Bank Q4FY24: PAT grows YoY 9% to Rs 156 cr Wed, Apr 24 2024
NSE launches Derivatives on the Nifty Next 50 Index today Wed, Apr 24 2024
JPMorgan CEO praises PM Modi for doing 'unbelievable' job in India Wed, Apr 24 2024