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India's 2017/18 sugar output seen up 24.2 percent - industry source
September 7, 2017 / 7:57 AM / 19 days ago

India's 2017/18 sugar output seen up 24.2 percent - industry source

FILE PHOTO: A worker checks the flow of sugar inside the Gandavi sugar factory, 165 km (102 miles) south of Ahmedabad, India, March 26, 2012. REUTERS/Amit Dave/File Photo

NEW DELHI (Reuters) - India’s sugar output is expected at 25.1 million tonnes in the year beginning October, up 24.2 percent from the 2016/17 season, an industry source said on Thursday.

Higher output will help India, the world’s biggest consumer of the sweetener, obviate import needs in the next season.

After letting mills import half a million tonnes of duty-free raw sugar this year, the government is soon expected to allow imports of another 200,000 tonnes at an import duty of 25 percent.

Reporting by Mayank Bhardwaj

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