"We have done survey with millers. The sugar production this year should be 25.1 million tonnes," ISMA Director General Avinash Verma said at a press conference here.
In 2016-17, sugar production had slumped 20.2 million tonnes due to drought-like situation in sugar producing Maharashtra and southern states.
ISMA said the opening balance when new sugar year starts from October would be four million tonnes, which is quite below the normal. However, this had no impact on prices, Verma said.
"Sugar prices have been stable in last 7-8 months. The market is not giving any kind of signal that it under any kind of panic. It is neither showing any increase in prices in last two to three months," he said.
The National Federation of Cooperative Sugar Factories (NFCSF), body representing cooperative sugar mills, has already estimated the sugar output to be 25.1 million tonnes.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
About VDC
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.