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Domestic sugar consumption could rise 2-3% this season, says ICRA

Updated : May 31, 2019 12:33 PM IST

Domestic sugar consumption is likely to increase by 2-3 percent to around 25.8 million metric tonne (MT) this year and the production would be higher by at least 6.5-7.0 million MT, said rating agency ICRA.
It added, “Sugar production in SY2019 is expected to be marginally higher at around 32.5-33.0 million MT when compared to 32.2 million MT in SY2018."
On the international front, the rating agency said that the international sugar prices have largely followed expectations on global supplies.
Domestic sugar consumption could rise 2-3% this season, says ICRA

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