Key Points
New Delhi: India's gross sugar production, without any diversion for ethanol, is estimated to decline 10 per cent to 330.5 lakh tonnes in the current marketing year ending September on likely lower output in Maharashtra and Karnataka, according to industry body ISMA..
The industry body has projected gross estimated sugar production around 330.5 lakh tonnes in 2023-24 as against 366.2 lakh tonnes in the previous year...
The net sugar production stood at 328.2 lakh tonnes during 2022-23 marketing year with a diversion of 38 lakh tonnes of sweetener for ethanol-making from sugarcane juice and B-heavy molasses...
Considering an opening stock of about 56 lakh tonnes on October 1, 2023, domestic consumption of 285 lakh tonnes and the estimated net production of 313.5 lakh tonnes, ISMA said the closing stocks would be comfortable around 84.5 lakh tonnes as on September 30, 2024...
"We believe that the government may now easily allow around 18 lakh tonnes of additional sugar diversion for production of ethanol in the current ESY (Ethanol Supply Year)..
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