India's sugar production is estimated to rise 24 per cent to 25.1 million tonnes in the next marketing year starting October on higher sugarcane area, according to industry body ISMA.

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Sugar production of India, the world's second largest producer after Brazil, is estimated at 20.2 million tonnes in the ongoing 2016-17 marketing year (October-September).

The production is expected to rise in 2017-18 on the back of higher cane area because of good monsoon.

Sugar production is estimated at 25.1 million tonnes in 2017-18 as against 20.2 million tonnes in the current year, an ISMA spokesperson said.

The government had allowed duty free import of 5 lakh tonnes of sugar in April-May this year to boost domestic supply. It is planning to allow more imports to check prices during upcoming festive season.

India's sugar demand is 24-25 million tonnes annually.

 

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)