India needs sugar reforms as stocks climb, says ISMA chief
Updated : November 29, 2018 05:32 AM IST
The association's director general, Abinash Verma, said India's sugar stocks were expected to rise during the 2018/19 season despite an expected dip in production to 31.5 million tonnes from the previous season's 32.5 million tonnes.
Indian sugar consumption should be 26 million tonnes and there is an export target of 5 million, indicating a build in stocks to 11.2 million tonnes from 10.7 million, Verma said at a conference organised by the International Sugar Organization.
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