There is a supply crunch for it this season but sugar will be among the food commodities that will be in surplus in the country until 2047-48, as per recent projections.
The projections, made in a report by a working group of the NITI Aayog, said that sugar supply overtook demand by 3 million tonnes in 2011-12 and will continue at that level till 2035-36. By 2047-48, sugar and related products' supplies will outstrip demand by nearly 6 million tonnes.
The NITI Aayog's assumptions are based on a 'Business as Usual' scenario where overall food demand grows at an annual
Also Read
Farm loan waivers, high MSP: How Chhattisgarh govt is banking on farmers
Will legalising MSP reduce import Bill of edible oils and pulses?
Promise of higher MSP in Assembly polls: That's easier said than done
How the government lost the script on MSP to farmers
Analysts selective on sugar stocks as higher prices keeps outlook upbeat
PM to unveil development projects worth over Rs 19,600 cr in Odisha today
Moody's sees faster CY24 GDP growth; CMIE predicts low FY25 inflation
Chatroom: ADD not exempt on imports under the EPCG authorisations
FM Sitharaman calls for clarity on GST classification-related issues
India bargaining hard with EFTA countries for creation of 1 million jobs