(Updates with comment in third paragraph.)
Nov. 29 (Bloomberg) -- India’s sugar consumption may outpace output by 4.9 million metric tons by 2020, according to Narendra Murkumbi, president of the Indian Sugar Mills Association and director at Shree Renuka Sugars Ltd.
Sugar usage in the world’s biggest consumer may be 31.3 million tons compared with output of 26.4 million tons, he said at a conference in London today.
Sugar consumption in India is growing at a faster rate than production, he said. Land availability is limiting expansion of sugar cane planting in the country, he said.
India is the world’s second-largest producer of the sweetener, according to the U.S. Department of Agriculture.
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