India has sufficient sugar, unlikely to import - ISMA

India is unlikely to need to import sugar in the 2016/17 season despite a drop in production, Abinash Verma, director general of the Indian Sugar Mills Association said on Tuesday.

"If the production number we are suggesting at the moment comes out correct, or comes close, I don't think we will need to import," he told Reuters on the sidelines of a sugar seminar hosted by the International Sugar Organization. 

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 Some analysts have forecast that India would import sugar, with the country's consumption likely to outpace production for the first time in seven years. 

Verma said ISMA was forecasting a crop of 23.4 million tonnes in 2016/17, down about 7 percent from a year ago as back-to-back droughts ravaged cane crops in the top producing western state of Maharashtra.

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