Business Sugar export subsidy a much-needed relief amid low prices Updated : August 29, 2019 01:52 PM IST The ensuing sugar season of 2019-20 is expected to commence with an opening stock of 142 lakh MT due to surplus sugar production during the 2017-18 and 2018-19 sugar seasons. India's annual consumption stands at 25-26 million tonnes, resulting in 60 percent of excess sugar. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.