India’s raw sugar imports is set to touch an all-time high of 2.5 million tonnes in the current sugar season ending September. This follows a 44 per cent drop in domestic sugar output to 14.7 million tonnes in the ongoing season (October-September). India resumed raw sugar import after a three-year gap following this drop in output. In 2004-05 season, the country imported 2.13 million tonnes raw sugar
According to industry estimates, import contracts close to 2 million tonnes have already been signed by various companies and another 500,000 tonnes is likely to get contracted by September. Till date, over 1.85 million tonnes have already arrived.
Source : Business Standard