Cabinet defers sugar decontrol proposal

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time, but it is very unlikely that a decision would be taken very soon because of the political implications of decontrol,”a senior government official, who didn’t wish to be named said.

According to the industry sources, the country’s sugar production is likely to be around 26.5 million tonne during 2007-8 crushing season (October-September).

According to official estimates, the production was pegged at 25.1 million tonne by end of May 2008, which was well below 27.10 million tonne achieved during 2006-7. The country’s sugar production was only 12.6 million tonne during 2004-5 which rose 19.2 million tonne during 2005-6. During 2006-7, the sugar production reached record 28.3 million tonne.