India's sugar output increased by 4% from October 1-January 15, hitting 15.7 million tonnes
Sugar
India
Published Jan 18, 2023
Tridge summary
India's sugar production grew by nearly 4 per cent since the current season began last October, an industry body said in a statement on Tuesday. This can be attributed to increased operation of more mills in the country. Mills have produced 15.7 million tonnes of sugar so far this season, up from 15.1 million tonnes churned out during the same period a year earlier, reported Reuters citing the Indian Sugar Mills Association. Between October 1 and January 15, 515 sugar mills were operational in the country against 507 mills a year ago, the statement said. India is the world's largest producer of sugar and the second-largest exporter. Indian mills exported an all-time high of more than 11 million tonnes of sugar in the 2021/22 season. During the current 2022/23 season, Prime Minister Narendra Modi's government has allowed overseas shipments of 6 million tonnes of sugar, and New Delhi may permit more overseas sales of the sweetener in the second tranche.(With inputs from Reuters)
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