Sugar output remains slightly lower at 31.09 million tonnes till Apr 15 of 2023-24 season: ISMA

Market & Price Trends
Published Apr 17, 2024

Tridge summary

India's sugar production for the 2023-24 season up to April 15 reached 31.09 million tonnes, marking a slight decrease from the 31.23 million tonnes produced during the same timeframe in the previous season, as reported by the Indian Sugar Mills Association (ISMA). This minor reduction in output is primarily due to a decrease in production in Karnataka, which offset the increases observed in Maharashtra and Uttar Pradesh, the leading sugar-producing states in the country. The ISMA has adjusted its net sugar production forecast for the season to 32 million tonnes. Additionally, the report highlighted a notable rise in the number of sugar mills ceasing operations by mid-April this season, with 128 mills having closed, indicating a faster pace of shutdowns compared to the last year.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The country's sugar production remained slightly lower at 31.09 million tonnes till April 15 of the ongoing 2023-24 season on lower output in Karnataka, according to industry body ISMA data released on Tuesday. Sugar production stood at 31.23 million tonnes in the same period of the 2022-23 season. India is a major sugar producing country in the world. Sugar season runs from October to September. Currently, there are curbs on sugar exports for an indefinite period. Indian Sugar Mills Association (ISMA) has revised the net sugar production estimate for 2023-24 season to 32 million tonnes. As per ISMA's latest data, sugar production in Maharashtra, the country's leading producing state of sweetener, remained higher at 10.92 million tonnes till April 15 of the current season, as against 10.59 million tonnes in the year-ago period. Similarly, production in Uttar Pradesh, the country's second largest sugar producing state, rose to 10.14 million tonnes from 9.67 million tonnes in ...
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