SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Sugar production of India rises to 47.9 lakh tonne till November 30 in 2022-23 marketing year: ISMA

06 Dec 2022 Evaluate

Indian Sugar Mills Association (ISMA) has said that sugar production of India increased marginally to 47.9 lakh tonne till November 30 in the current 2022-23 marketing year (October-November) as against 47.2 lakh tonnes in the corresponding period of the last year. Sugar marketing year runs from October to September.

It added that number of operating factories are also higher at 434 against 416 which operated last year on the corresponding date. As per the data, sugar production in Maharashtra stood at 20 lakh tonnes during the first two months of 2022-23 as against 20.3 lakh tonnes in the year-ago period. In Uttar Pradesh, sugar output rose to 11.2 lakh tonnes from 10.4 lakh tonnes. Sugar production in Karnataka fell to 12.1 lakh tonnes from 12.8 lakh tonnes.

On the ethanol front, ISMA said that the OMCs (oil marketing companies) have so far allocated around 460 crore litre for supply in ESY (ethanol supply year) 2022-23 in the first two EOI's (express of interest) floated by them. Ethanol supply year runs from December to November. The OMCs have floated a third EOI for requirement of additional 139 crore litres, for which the last date of submission was November 30, 2022. It said the OMC's are currently examining the bids and are expected to do the allocations shortly.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×