According to the latest ISMA report, India’s sugar production has come down by 12% to 197.03 lakh tonnes in the current sugar marketing year (October to September). The main reason for this decline is a decrease in production in Maharashtra and Karnataka, where up to 58 million could not be produced. In comparison, there was a production of up to 22 million in this period last year.
Major figures:
- Uttar Pradesh: Sugar production reduced from 67.77 lakh tonnes to 64.04 lakh tonnes.
- Maharashtra: Production reduced from 79.45 lakh tonnes to 68.22 lakh tonnes.
- Karnataka: Production reduced from 43.20 lakh tonnes to 35.80 lakh tonnes.
In addition, according to ISMA, by January 31, it was observed in the ethanol supply data that the diversion of sugar for ethanol has been around 14.1 lakh tonnes, compared to 8.3 lakh tonnes in the same period last year.
ISMA DG Deepak Ballani said that crushing is going on in 461 million so far, producing an estimated 272 lakh tonnes of sugar. So far, out of 10 lakh tonnes, 2 lakh tonnes of sugar has been exported. Uttar Pradesh has produced a total of 65 lakh tonnes, while the contract for 3 lakh tonnes of sugar has also been finalized. Also, a closing stock of about 60 million tonnes is expected. Ballani further said that production of up to 58 million in Maharashtra and Karnataka has been closed, but a total consumption of 28 million tonnes of sugar is going on, which is a positive sign for the sugar industry. In the next 2-3 months, there is a possibility of exporting 1 million tonnes of sugar.
