Tridge summary
India's sugar production is estimated to reach between 33.5 million to 34.5 million tonnes in the 2022/23 crop year, with exports reaching only 6.1 million tonnes, a significant drop from the previous year. The decrease in exports is due to anticipated reductions in production, particularly in Maharhestra. However, if the crop output exceeds 34 million tons and the government has sufficient reserves in April, an additional 1 million tons of sugar exports may be approved. The Indian Sugar Mills Association and the All India Sugar Trade Association have reduced their forecasts for sugar production to 34 million tonnes and 33.5 million tonnes, respectively. In response to the government's target of blending 20% ethanol in gasoline by 2025, Balrampur Chini Mills is converting 20% of its sucrose production to ethanol production, with other mills also increasing ethanol production to meet the target.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
On the sidelines of the Dubai Road Conference, Kolkata-based Balrampur Chini Mills Avantika Saraogi said India's sugar production is currently estimated at 33.5 million - 34.5 million tonnes. So far, India has only exported 6.1 million tonnes of sugar in the 2022/23 crop year, a sharp drop from the previous year's record 11 million tonnes of sugar exports. Government and industry officials have downgraded the outlook for exports due to expected reductions in sugar production, particularly in the main producing state of Maharashtra, Avantika Saraogi said that if the current crop output exceeds 34 million tons and the government sees enough reserves in April, it may approve an additional 1 million tons of sugar exports. The Indian Sugar Mills Association (ISMA) has slashed its forecast at the end of January to 34 million tonnes for the 2022/23 crop year ending next September, while at the beginning of the week of March 2023, the Indian Trade Association The All India Sugar Trade ...
Source: Vinanet
Would you like more in-depth insights?
Gain access to detailed market analysis tailored to your business needs.
Related market data
What to read next
Read more relevant content
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.