| Date: |
07-07-2010 |
| Subject: |
Sugar Output in India May Climb 34% to 25 Million Tons as Plantings Jump |
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India, the world’s largest consumer of sugar, may produce more than 25 million metric tons in the new crop year after record cane prices increased planting, said an official at the nation’s biggest millers’ group.
Output may rise from 18.7 million tons estimated for this year ending Sept. 30, M.N. Rao, deputy director general of the Indian Sugar Mills Association, said in a phone interview.
Production may total 24 million tons in the year starting Oct. 1, Vivek Saraogi, managing director of Balrampur Chini Mills Ltd., the nation’s second-biggest producer, and president of the sugar association, said in an interview on May 27.
Source : Bloomberg
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