Date: 22/02/2024

Sugar output seen contracting by 10 pc

India’s sugar production (including the quantity diverted for ethanol) is estimated to decline by 10 per cent to 33.05 million tonnes (mt) in the current season that began on October 1, 2023, from 36.62 mt in the previous season, according to industry body Indian Sugar Mills’ Association (ISMA). This is mainly due to the likely drop in output in Maharashtra and Karnataka. Releasing the second advance estimates of sugar production for the 2023-24 season, ISMA said the gross production in Maharashtra is estimated to fall to 9.99 mt from 11.85 mt and in Karnataka to 4.97 mt from 6.58 mt. However, mills in Uttar Pradesh are likely to produce 11.99 mt (11.89 mt), it said. It also revealed that 18.72 mt of sugar was produced during the October-January period, compared to 19.5 mt in the corresponding period of the previous year, as per a report.
Source: Exim News Service: New Delhi, Feb. 21