ISMA forecasts a significant surplus of sugar production in India

Published 2024년 7월 5일

Tridge summary

The Indian Sugar and Bioenergy Manufacturers Association (ISMA) has called on the Indian government to reconsider allowing the export of surplus sugar, given the projected domestic surplus of up to 3.6 million tons for the season. With initial stock of around 5.6 million tons and projected domestic consumption of 28.5 million tons, the final stock is expected to reach 9.1 million tons by the end of September 2024, leading to additional costs for producers. ISMA argues that allowing exports would improve the financial liquidity of sugar factories and enable timely payments to cane farmers, contributing to the smooth functioning of the sugar industry and strengthening economic stability.

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Original content

ISMA has urged the Indian government to reconsider the issue of exporting surplus sugar after due consideration of domestic supply and demand. This is reported by agrospectrumindia. The Indian Sugar and Bioenergy Manufacturers Association (ISMA), the highest body in the country’s sugar and bioenergy industry, predicts a significant surplus of sugar of up to 3.6 million tons this season. According to experts, the initial stock of approximately 5.6 million tons in October 2023, in addition to the projected domestic consumption of almost 28.5 million tons in the season, will lead to a significant increase in the final stock of 9.1 million tons by the end of September 2024. This projected surplus of 3.6 million tons above the regulatory stock of 5.5 million tons could potentially lead to additional costs for producers due to unused stocks and storage costs. In light of these forecasts, it is clear that the situation with domestic consumption and availability is more than comfortable. ...

Source: UkrAgroConsult