Tridge summary
The All India Sugar Traders Association (AISTA) has reduced its forecast for India's sugar production in the 2022-23 season to 34.5 million tonnes, marking a decrease of 3.63% from the previous year's production of 35.8 million tonnes. The production estimates for the major producing states, Maharashtra and Uttar Pradesh, have been lowered to 12.4 million tonnes and 10.5 million tonnes respectively, compared to the previous year. Additionally, AISTA anticipates that around 5 million tonnes of sucrose will be diverted for ethanol production from sources such as B heavy molasses, sugar syrup, and sugarcane juice, due to the impact of the red rot disease on sugar recovery rates in western and central Uttar Pradesh.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Private trade body All India Sugar Traders Association (AISTA) has pegged India's 2022-23 sugar production at 34.5 million tonnes, down by 3.63% over previous years production of 35.8 million tonnes in its first sugar production estimate for 2022-23 released today. According to AISTA, the sugar production of Maharashtra in ongoing 2022-23 season will be 12.4 million tonnes against 13.7 million tonnes in the previous year. Sugar production of second largest producer Uttar Pradesh has been pegged at 10.5 million tonnes against 10.2 million tonnes in the previous year. AISTA expects 5 million tonnes of sucrose to be ...
Source: Economic times
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