Indian sugar mills association

Food ministry hikes sugar production estimates

Date:	08 Mar 2012

Source:	The Economic Times

Reporter:	ET Bureau

News ID:	983

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NEW DELHI: A day after Union agriculture minister Sharad Pawar showed willingness to export one million tonne of sugar, the food ministry has upwardly revised its initial production estimates.

"We have reviewed the output estimations. It is set to cross 25 million tonne - more than the initial estimates of 24.6 million tonne. Last year, sugar output stood at 24.3 million tonne," said a top food ministry official.

The revised estimation will brighten prospects of more shipments from the world`s second-largest producer.

The government has already allowed exports of 2 million tonne. Indian millers have been lobbying the government to allow up to 4 million tonne of exports this year.

"This upward revision in the estimates may prompt the government to open more exports. The cash flow from the exports will help millers make timely payments to farmers," said an official of a sugar mill.

The estimates, however, are still lower than the estimations of millers association which has predicted this year`s production to be at 26 million tonnes.

The country`s annual sugar consumption is estimated at 22 million tonnes.

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