date:May 25, 2016
oidable situation such as a delay in production in the 2017-18 season, Mukesh Kuvadia, secretary general of the Bombay Sugar Merchants Association, said by phone on Monday. India may import 1.5 million tons to 2 million tons of sugar in 2016-17 to control prices even if there was no shortage, he said.
Dwindling Inventories
Production in India will probably drop to 23.5 million tons in the year beginning Oct. 1, according to a Bloomberg survey last month. That would be the lowest since the 18.9