India's sugar production falls and mills accelerate the closure of operations

Market & Price Trends
Published Apr 16, 2024

Tridge summary

Indian sugar mills have produced 31.09 million tonnes of sugar from the start of the season on October 1 to April 15, experiencing a minor decrease of 0.5% from the previous year, mainly due to a drop in production in Karnataka. According to the Indian Sugar and Bioenergy Manufacturers Association (ISMA), the number of mills that have ceased operations for the season has risen to 448, up from 401 last year. Maharashtra and Uttar Pradesh are the top producers this season, with outputs of 10.9 and 10.1 million tonnes respectively. In an effort to maintain local sugar prices before the upcoming parliamentary elections, the government has imposed restrictions on sugar exports. The elections are set to occur over a span of nearly seven weeks starting April 19.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

MUMBAI (Reuters) - Indian mills produced 31.09 million tonnes of sugar between October 1 and April 15, down 0.5% from a year earlier, due to lower production in the southern state of Karnataka of the country, one of the main producers, an important sector body reported this Tuesday. Sugar mills are winding down operations at a faster pace than last year and so far, 448 mills have been closed, compared to 401 in the previous year, the Indian Sugar and Bioenergy Manufacturers Association (ISMA) said. in the English acronym). The western state of Maharashtra has produced 10.9 million tonnes of sugar so far this season, while the northern state of Uttar Pradesh has produced 10.1 million tonnes, ISMA said. The ...
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