Internet sugar output dips marginally at 280.79 lakh tonnes thus far in 2023-24 mkt yr ending Sep: ISMA
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“Sugar manufacturing until fifteenth March 2024 within the present 2023-24 season reached 280.79 lakh tonnes, towards 282.60 lakh tonnes produced final 12 months on the corresponding date,” Indian Sugar Mills Affiliation (ISMA) stated in an announcement.
Variety of factories working as on March 15 this 12 months stood at 371 as towards 325 mills on the identical day final 12 months.
In Uttar Pradesh, sugar manufacturing stood at 88.40 lakh tonnes as towards 79.63 lakh tonnes throughout the interval beneath assessment.
Sugar output in Maharashtra fell marginally to 100.50 lakh tonnes from 101.92 lakh tonnes, whereas manufacturing in Karnataka declined to 47.55 lakh tonnes from 53.50 lakh tonnes.
Not too long ago, ISMA has pegged sugar manufacturing at round 323 lakh tonnes for the 2023-24 advertising 12 months after the diversion of 17 lakh tonnes in direction of ethanol manufacturing through sugarcane juice/B-heavy molasses. The online sugar manufacturing stood at 328.2 lakh tonnes throughout the 2022-23 advertising 12 months with a diversion of 38 lakh tonnes of sweetener for ethanol-making from sugarcane juice and B-heavy molasses. Final week, ISMA revised its estimates for gross manufacturing of the sweetener upwards by 9.5 lakh tonnes to 340 lakh tonnes within the advertising 12 months ending September.
The gross sugar output stood at 366.2 lakh tonnes within the earlier 12 months.
In January, the affiliation had projected the gross sugar manufacturing, with none diversion for ethanol, at 330.5 lakh tonnes within the 2023-24 advertising 12 months.
Final month, the central authorities determined to hike Truthful and Remunerative Worth (FRP) — the minimal value that mills should pay to sugarcane growers — by Rs 25 to Rs 340 per quintal for the 2024-25 season beginning October 2024.
“This choice of the central authorities goes to profit greater than 5 crore sugarcane farmers (together with members of the family) and lakhs of different individuals concerned within the sugar sector,” an official assertion had stated.
Sugarcane is grown primarily in Maharashtra, Uttar Pradesh, and Karnataka.
