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ISMA pegs sugar production lower by 3.41% in 2023-24 season

03 Aug 2023 Evaluate

Industry body -- the Indian Sugar Mills Association (ISMA) has said that the India’s sugar production is pegged lower by 3.41 per cent to 316.80 lakh tonnes in the new season (2023-24) that will begin from October 2023, due to more diversion of cane for ethanol production. In the ongoing 2022-23 season (October-September), sugar production is estimated at 328 lakh tonnes. 

Releasing a preliminary estimate, it said about 45 lakh tonnes of sugar will be diverted towards production of ethanol in the next season 2023-24, as compared to about 41 lakh tonnes in current season. Sugar production in the 2023-24 season is, however, estimated to be higher than the domestic consumption of 275 lakh tonnes, leaving a surplus of 42 lakh tonnes at the end of the season. 

Total sugarcane acreage remains slightly higher at 59.81 lakh hectare in 2023-24, as against 59.07 lakh hectare in the previous year. Cane acreage in Karnataka and Tamil Nadu remains lower.

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