ISMA lowers India's 2022-23 sugar production estimate by 6.8%

Published 2023년 1월 31일

Tridge summary

The Indian Sugar Mills Association (ISMA) has lowered its sugar production forecast for the 2022-23 season by 6.84%, adjusting it to 340 lakh tonnes from the earlier prediction of 365 lakh tonnes. This downward revision is attributed to the diversion of 45 lakh tonnes of sugar to ethanol production, resulting in an overall production decrease of 25 lakh tonnes. The adjustment is based on various factors, including satellite image data, field visits, and the trend in yields and sugar recoveries achieved so far, with the final figures to be determined after the conclusion of the sugar season. Additionally, the area planted with sugarcane in India has seen a 6% increase from the previous estimate.

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Original content

Industry body Indian Sugar Mills Association (ISMA) today revised its sugar production estimate for 2022-23 downwards by 6.84% over its earlier estimate issued in October. It has now pegged the country's sugar production at 340 lakh tonnes after considering diversion of 45 lakh tonnes of sugar for production of ethanol, down by 25 lakh tonnes from its previous estimate of 365 lakh tonnes. ISMA has said that it has revised the production estimate based on the satellite images of harvested and balance area, field visits, current trend of yields and sugar recoveries achieved till now, as also expected yield/sugar recovery in the balance period of the sugar season. . According to ISMA, the area planted under sugarcane in the country has increased by 6%. In its October estimate, after considering the diversion of 45 lakh tonnes to ethanol, ISMA had pegged the sugar production at 365 lakh ...

Source: Economic times