Gross sugar output might fall 10 computer to 330.5 lakh tonnes in 2023-24 advertising yr ending Sep: ISMA

New Delhi: India’s gross sugar manufacturing, with none diversion for ethanol, is estimated to say no 10 per cent to 330.5 lakh tonnes within the present advertising yr ending September on probably decrease output in Maharashtra and Karnataka, in accordance with business physique ISMA. Indian Sugar Mills’ Affiliation (ISMA) on Wednesday launched its second advance estimates of sugar manufacturing for the 2023-24 advertising yr (October-September).
The business physique has projected gross estimated sugar manufacturing round 330.5 lakh tonnes in 2023-24 as in opposition to 366.2 lakh tonnes within the earlier yr.

The gross manufacturing in Maharashtra is estimated to fall to 99.9 lakh tonnes from 118.5 lakh tonnes, whereas the manufacturing in Karnataka might dip to 49.7 lakh tonnes from 65.8 lakh tonnes.

In Uttar Pradesh, the gross output is seen rising marginally to 119.9 lakh tonnes from 118.9 lakh tonnes in the course of the interval beneath overview.

“The federal government has thus far allowed sugar diversion of solely 17 lakh tonnes for manufacturing of ethanol by way of sugarcane juice/B-heavy molasses for 2023-24. This might imply web sugar manufacturing might be round 313.5 lakh tonnes,” ISMA stated in an announcement.

The online sugar manufacturing stood at 328.2 lakh tonnes throughout 2022-23 advertising yr with a diversion of 38 lakh tonnes of sweetener for ethanol-making from sugarcane juice and B-heavy molasses. As a consequence of much less diversion allowed thus far by the federal government, the online sugar manufacturing is prone to fall by 4.5 per cent. Contemplating a gap inventory of about 56 lakh tonnes on October 1, 2023, home consumption of 285 lakh tonnes and the estimated web manufacturing of 313.5 lakh tonnes, ISMA stated the closing shares could be comfy round 84.5 lakh tonnes as on September 30, 2024.

“We imagine that the federal government might now simply permit round 18 lakh tonnes of further sugar diversion for manufacturing of ethanol within the present ESY (Ethanol Provide Yr). Even then, closing inventory will probably be enough sufficient to cater round three months into the subsequent season,” the affiliation stated.

In the meantime, ISMA stated 187.2 lakh tonnes of sugar has been produced in the course of the October-January interval of 2023-24 advertising yr as in opposition to round 195 lakh tonnes within the corresponding interval of the earlier yr.

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