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ISMA estimates 9% fall in gross sugar production during 2023-24 marketing season

01 Nov 2023 Evaluate

Industry body -- Indian Sugar Mills Association (ISMA) has estimated 9% fall in gross sugar production to around 337 lakh tonnes (excluding diversion toward ethanol) during 2023-24 marketing season (October-September) compared to previous season. However, it noted that the said output will be enough to meet domestic demand. The diversion of sugar towards ethanol would be estimated only after the declaration of feed stock-wise ethanol procurement price for the 2023-24 ethanol supply year starting in December.

In August, ISMA had estimated gross sugar production at 369 lakh tonnes, while the net sugar output was projected at 328 lakh tonnes after a diversion of 41 lakh tonnes for ethanol. With India's domestic consumption average of 278.5 lakh tonnes, the production estimates assure sufficient sugar for domestic consumption. 

The total acreage under sugarcane in the country is estimated to be around 57 lakh hectares in 2023-24. India exported 61 lakh tonnes of exports during the 2022-23 marketing year as against a record 112 lakh tonnes in the previous year. The government has not yet allowed exports for this marketing year.


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