India's sugar export may cross 5 million tonne this year

India's sugar export may cross 5 million tonnes in the marketing year ending September 2019, on higher demand from overseas amid a global deficit of 8-9 million tonne, industry body ISMA yesterday said.

 

For the current year, the government has allowed export of 6



million tonne of sugar under Maximum Admissible Export Quota to help deal with the surplus sugar.

The country's sugar production has reached nearly 17 million tonnes till February 15 of the current marketing year.