India logged marginal fall in sugar production at 31.09 million tonnes till April 15 of the ongoing 2023-24 season as compared to 31.23 million tonnes in the same period of the 2022-23 season due to lower output in Karnataka. Sugar season runs from October to September. Currently, there are curbs on sugar exports for an indefinite period. Indian Sugar Mills Association (ISMA) has revised the net sugar production estimate for 2023-24 season to 32 million tonnes.
Sugar production in Maharashtra remained higher at 10.92 million tonnes till April 15 of the current season, as against 10.59 million tonnes in the year-ago period. Similarly, production in Uttar Pradesh, the country's second largest sugar producing state, rose to 10.14 million tonnes from 9.67 million tonnes in the said period.
However, in Karnataka, the production remained slightly lower at 5.06 million tonnes till April 15 of the ongoing 2023-24 season, as against 5.49 million tonnes in the year-ago period. Sugar production remained lower both in Gujarat and Tamil Nadu at 9,19,000 tonnes and 8,60,000 tonnes, respectively in the said period.
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.
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.
MoneyWorks4Me ensures this through: