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Sugar stocks may increase to 18mt

Sugar stocks may increase to 18mt
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First Published: Fri, Feb 29 2008. 12 12 AM IST
Updated: Fri, Feb 29 2008. 12 12 AM IST
New Delhi: Stockpiles of sugar in India may swell to 18 million tonnes (mt) this year, enough to meet demand for more than 10 months. Consumption may total 20mt in the year ending 30 September, while output may fall 3.6% to 27mt, the finance ministry said in a report before Friday’s Budget announcement. The forecast surplus, combined with stocks of 11mt on 1 October, would swell reserves 67% to 18mt, the report said.
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First Published: Fri, Feb 29 2008. 12 12 AM IST