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LATEST NEWS UPDATES | Why the sugarcane-crushing season is set to start on a bitter note -Radheshyam Jadhav

Why the sugarcane-crushing season is set to start on a bitter note -Radheshyam Jadhav

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published Published on Oct 6, 2021   modified Modified on Oct 19, 2021

-The Hindu Business Line

Surplus stocks, high cost of production among worries

Sugar mills in India gear up to start the new crushing season this month with a concern. Sugar production has grown at an annual growth rate of 5.6 per cent over the past two decades, while consumption has grown at 2.4 per cent per annum. In the last five years, consumption of sugar has remained relatively static at about 25 million tonnes, while production has increased by about 2.4 per cent per year leading to surplus sugar stocks.

India is the largest consumer and the second-largest producer of sugar in the world and accounts for about 18 per cent of world sugar production and 15.7 per cent of global consumption.

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The Hindu Business Line, 6 October, 2021, http://webcache.googleusercontent.com/search?q=cache:https://www.thehindubusinessline.com/data-stories/data-focus/why-the-sugarcane-crushing-season-is-set-to-start-on-a-bitter-note/article36858583.ece


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