Ashwini Srivastava, joint secretary at the Department of Food and Public Distribution, confirmed the export potential during a global conference without specifying exact shipment volumes.
India permitted one million metric tons of exports in the current marketing year ending September despite reduced production.
Ethanol production from sugarcane-based feedstock is expected to reach a record 4.8 billion litres in the new season.
Domestic sugar consumption is likely to increase to between 28.5 million and 29 million tons from the current year’s 28 million tons.
India will begin the new marketing year with carryover stocks of five million tons, down from eight million at the start of the current year. – Reuters
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