India may resume import of sugar after a 4-year gap

by Dave

via Bloomberg.com
India, the world’s second-biggest sugar maker after Brazil, may resume imports of the sweetener after four years as farmers plant less sugar cane because of declining prices.

Purchases of raw sugar may total 4 million metric tons in the year starting October 2009, S.L. Jain, director general of the Indian Sugar Mills Association, said in a phone interview in New Delhi. India hasn’t imported sugar since 2005, he said.

“Imports are imminent as a shortage is knocking at your door,” said Jain. Output may fall as low as 17 million tons in 2009-10, from an estimated 22 million tons in the previous year.

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