India’s sugar production estimate has been revised downward by about one million tones (MT), to over 25 MT, in the current marketing year ending September on account of lower availability of sugarcane, as per latest projection by Indian Sugar Mills Association (ISMA). ISMA’s latest projection is lower than the government's estimate of 25.6 MT.
ISMA had earlier pegged the output by the country at 26 MT in the October-September (2015-16) period, as against 28.3 MT in the previous year. Despite estimated 12% fall in production, ISMA had stated that India would have a closing stock of about 7 MT at the end of September.
The production of sugar has fallen by 11% to 24.6 MT in the October-April period. Sugar crushing operations for 2015-16 SS in most parts of the country have come to an end on April 30, 2016.