The Healthcare Standard

Indian sugar demand seen hurt by economic slowdown, health worry

New Delhi: Sugar demand in India is starting to stagnate as economic growth in the top user slows and food manufacturers opt for alternatives, according to Meir Commodities India Pvt and Golden Agri-Resources Ltd.

The nation will consume 25 million tonnes to 25.2 million tonnes in 2019-20, little changed from the previous season, said Rahil Shaikh, managing director of Meir, a Mumbai-based trader. Demand is being hit as the food sector changes formulas away from sugar amid health concerns, according to Callum Walker, a trader at Golden Agri-Resources.

 

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