EID Sugar Business

Million Mteric Tons Production outstrips consumption 33.7 32.3 28.3 26.3 26.0 25.1 25.1 24.4 24.4 24.5 21.3 25.6 21 8 25.5 26.0 26.0 24.2 22.6 22.8 Drought 20.7 20.3 18.9 9.3 9.1 7.5 7.8 5.8 6.0 6.6 3.9 SY10 SY11 SY12 SY13 SY14 -Production Source: ISMA 14.3 10.4 \8.3 SY15 SY16 SY17 SY18 SY19 SY20E ▶Consumption -Stocks Huge stock levels cap the domestic sugar prices 16 murugappa PARRYS

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