LONDON: India could export 1.0 million tonnes of sugar in 2010/11, Vinay Kumar, managing director of the National Federation of Cooperative Sugar
Factories, said on Wednesday.
"We seem to be headed for a surplus in 2010-11 and could export 1 million tonnes of sugar in discharge of previous re-export obligations," Kumar said in a keynote address to the International Sugar Organization's (ISO) international seminar.
Indian sugar output is projected to rise to 26 million tonnes in 2010-11 from 16-17 million tonnes in 2009/10, Kumar said.
Domestic demand in India is expected to rise to 24.5 million tonnes in 2010/11 from 23.5 million in 2009/10, he added.
Source : The Economic Times