India, a key supplier of raws, may have to import sugar by 2010/11, a leading global consultancy, while a domestic brokerage said imports would happen sooner as domestic output drops. Refineries around the world, especially in the Middle East started viewing India as a dependable supplier of raws as the country, saddle with huge domestic stocks, entered the raw sugar export market in June 2007, when it sold 500,000 tons. According to trade sources, after a record output of 28.4 million tons in the crop year to September 2007, output in India is likely to fall in the next two to three years as farmers shift from sugarcane to more profitable grains. Mr. Gareth Forber, Head of sugar research at LMC International Ltd has stated that India may have to import sugar in 2010/11 after exporting less in the next two seasons. He said India’s exports were expected to fall to about 2.5 million tons next crop year, one million tons lower than the estimated 3.5 million tons this year. He added that India can manage to export some sugar in 2009/10 but may have to import in 2010/11.
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