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AISTA pegs sugar output lower by 4% at 31.6 million tonnes for 2023-24 season

29 Jan 2024 Evaluate

The Sugar trade body -- All India Sugar Trade Association (AISTA) in its latest report has pegged that the country’s sugar production is expected to be lower by about 4% to 31.6 million tonnes for the 2023-24 season (October-September) as compared to previous season. The estimated net domestic sugar production excludes diversion of sucrose of about 2 million tonnes for ethanol production. 

With estimated sugar production of 31.6 million tonnes and opening stock of 5.7 million tonnes, the availability of sugar in the country is likely to be 37.3 million tonnes, which is higher than the estimated domestic consumption of 29 million tonnes. The closing stock of sugar would be around 8.2 million tonnes in the 2023-24 season. In the previous 2022-23 season, sugar production was 32.9 million tonnes. 

Sugar production in Uttar Pradesh is pegged higher at 11.7 million tonnes for 2023-24 season as compared to 10.7 million tonnes achieved last season. Whereas production in Maharashtra is pegged lower at 9.6 million tonnes for 2023-24 season, as against 10.7 million tonnes in the previous season. Similarly, in the country’s third largest sugar producing state of Karnataka, the production is estimated to be lower at 4.7 million tonnes in 2023-24, as against 5.6 million tonnes in the previous season.


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