As sugar stocks rise, ISMA calls for lifting export curbs
The Indian Sugar and Bio-Energy Manufacturers Association (ISMA) forecasts the current sugar season to end in September with a stock of 91 lakh tonnes. Typically, the season (October to September) concludes with around 55 lakh tonnes. This year, the surplus of 36 lakh tonnes may result in additional costs for millers due to idle inventory, ISMA stated.
The Indian Sugar and Bio-Energy Manufacturers Association (ISMA) estimates the current sugar season to end in September with a stock of 91 lakh tonnes.
ISMA in a statement said the sugar marketing season (October to September) every year ends with about 55 lakh tonnes. But this year, it is likely to be higher by 36 lakh tonnes. This “can potentially lead to additional costs for millers on account of idle inventory,” it said.
Source Link: https://www.thehindu.com/business/as-sugar-stocks-rise-isma-calls-for-lifting-export-curbs/article68366664.ece
