Jun 11 2010 1:04PM
NEW DELHI (Dow Jones)--India will likely produce about 19.0 million metric tons of sugar in 2009-10, around 3.0 million tons more than the estimate at the start of the marketing year in October, as late rains improved cane yields, a senior industry executive said Friday.
Crushing in Karnataka and Maharashtra states is likely to continue until the end of June, said the executive, who didn't want to be identified. This will "help push up sugar output."
India's annual sugar requirement is around 23.0 million tons. A shortfall in local production had forced the country to import the sweetener for a second straight year in 2009-10.
Indian sugar mills have signed new deals to import a total of 1.0 million tons of both raw and white sugar, which is expected to land in the country by the end of the marketing year, he said.
Mills have already imported 3.5 million tons of raw and white sugar since Oct. 1, the executive added.
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