India's 2017/18 sugar output seen up 24.2 percent - industry source
India`s sugar output is expected at 25.1 million tonnes in the year beginning October, up 24.2 percent from the 2016/17 season, an industry source said on Thursday.
Higher output will help India, the world`s biggest consumer of the sweetener, obviate import needs in the next season.
After letting mills import half a million tonnes of duty-free raw sugar this year, the government is soon expected to allow imports of another 200,000 tonnes at an import duty of 25 percent.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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