The country's sugar production was estimated to have risen by 15 % to 8.4 million tonnes as on January 15 in the current crop year.
"Production is about 8.4 million tonnes, 15 % more than what the country had produced in the same period last year," a senior government official said.
The government had estimated total sugar production at 24.5 million tonnes in the ongoing 2010-11 crop year (October-September), against 19 million tonnes in the previous crop year. The country's annual demand of sugar was pegged at 23 million tonnes. At present, sugar prices in retail market are ruling at Rs 31-33 per kg. In the wake of rising inflation, the government had recently put on hold the export of 5 lakh tonnes of sugar under the Open General Licence scheme.
"Production is about 8.4 million tonnes, 15 % more than what the country had produced in the same period last year," a senior government official said.
The government had estimated total sugar production at 24.5 million tonnes in the ongoing 2010-11 crop year (October-September), against 19 million tonnes in the previous crop year. The country's annual demand of sugar was pegged at 23 million tonnes. At present, sugar prices in retail market are ruling at Rs 31-33 per kg. In the wake of rising inflation, the government had recently put on hold the export of 5 lakh tonnes of sugar under the Open General Licence scheme.
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