India 2015/16 sugar output enough to meet local demand: Paswan

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India is the world’s second biggest producer of the sweetener and has been exporting sugar to bring down inventory and pay cane farmers’ dues.
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Paswan said cane arrears have dropped to Rs 27 billion ($396.6 million) from Rs 210 billion in April 2015.
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The country’s wheat and rice stocks on January 1 stood at 23.8 million tonnes and 12.7 million tonnes respectively, he said.

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