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Sugar output may cross 250 lakh tonnes: Pawar

Sugar output may cross 250 lakh tonnes: Pawar
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First Published: Thu, Mar 22 2007. 05 01 PM IST
Updated: Thu, Mar 22 2007. 05 01 PM IST
PTI
New Delhi: Sugar production in India, the world’s second largest producer, is likely to jump nearly 30% to cross 250 lakh tonnes in 2006-07 season against 193 lakh tonnes in the previous year.
“ISMA (Indian Sugar Mills Association) and National Federation of Cooperative Sugar Factories have informed the government that sugar production may cross 250 lakh tonnes,” Agriculture Minister Sharad Pawar said on 22 March.
Pawar, who held a meeting with representatives of ISMA and NFCSF on 21 March, said the government has still not decided on creating a buffer stock for sugar.
“The decision will be taken by the government at the appropriate time,” he said, when asked about the proposal to create a buffer stock.
The agriculture minister had informed Parliament on 19 March in a written reply that sugar production is likley to touch 238.34 lakh tonnes in 2006-07 season, up from the government’s earlier estimates of 227 lakh tonnes. Sugar year runs from October to September.
The upward revision was done due to higher expected output from Maharashtra, the country’s top sugar producer. The production estimate made by Maharashtra Cane Commisssioner has been revised to 81 lakh tonnes from 70 lakh tonnes.
With 40 lakh tonnes of carryover stock from previous year, the sugar availability in the country in 2006-07 would be 290 lakh tonnes, leading to a surplus stock of about 100 lakh tonnes as the annual domestic consumption is estimated at about 190 lakh tonnes.
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First Published: Thu, Mar 22 2007. 05 01 PM IST
More Topics: Economy and Politics | Indicators |