Key Points
India's net sugar production fell marginally to 280.79 lakh tonnes till March 15 of the current marketing year that started in October 2023, according to trade data released on Monday..
"Sugar production till 15th March 2024 in the current 2023-24 season reached 280.79 lakh tonnes, against 282.60 lakh tonnes produced last year on the corresponding date," Indian Sugar Mills Association (ISMA) said in a statement...
Sugar output in Maharashtra fell marginally to 100.50 lakh tonnes from 101.92 lakh tonnes, while production in Karnataka declined to 47.55 lakh tonnes from 53.50 lakh tonnes.. Recently, ISMA has pegged sugar production at around 323 lakh tonnes for the 2023-24 marketing year after the diversion of 17 lakh tonnes towards ethanol manufacturing via sugarcane juice/B-heavy molasses...
The net sugar production stood at 328.2 lakh tonnes during the 2022-23 marketing year with a diversion of 38 lakh tonnes of sweetener for ethanol-making from sugarcane juice and B-heavy molasses...
In January, the association had projected the gross sugar production, without any diversion for ethanol, at 330.5 lakh tonnes in the 2023-24 marketing year...
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