The ISMA president demanded that the government should link sugarcane price to sugar rates as a long term solution for this sector. Goel said there would be no cane arrears and industry would not seek any fund from the government if this demand is met.
He said the sugar production is likely to fall to 31.5 million tonnes in the current marketing year as against 32.5 million tonnes in the previous year. The annual domestic demand is 26 million tonnes. The opening stock was 10.7 million tonnes as on October 1.
Goel said mills have contracted to export 1 million tonnes of sugar out of 5 million tonnes quota earmarked by the government for 2018-19. He recommended a strict action against mills which do not export sugar.
