SUGAR INDUSTRY OF INDIA: OUTLOOK AND CHALLENGES
- Credit Rating Agency in India
- Industry Report
- SUGAR INDUSTRY OF INDIA: OUTLOOK AND CHALLENGES
India is the largest consumer and the second largest producer of sugar in the world after Brazil. The sugar sector is an important agro-based sector that impacts the livelihood of about 5 crore sugarcane farmers and their dependents and around 5 lakh workers directly employed in sugar mills, apart from those employed in various ancillary activities including farm labour and transportation.
According to the India Report (April 2021) by the Foreign Agricultural Service (FAS), USDA, India’s centrifugal sugar production is estimated at 34.7 million metric tons (MMT) in marketing year (MY) 2021/2022 (October-September), increasing three percent above the previous season.