sugar manufacturing: Sugar output marginally declines to 25.53 MT to date on this advertising 12 months: ISMA

Sugar manufacturing stood at 25.84 MT until February within the year-ago interval. Sugar advertising 12 months runs from October to September.

In its second estimate, the Indian Sugar Mills Affiliation (ISMA) has projected sugar output to say no by 10 per cent to 33.05 MT within the present 2023-24 advertising 12 months as towards 36.62 MT within the earlier 12 months.

In response to ISMA, sugar manufacturing in Maharashtra, Karnataka, Gujarat, and Tamil Nadu remained decrease until February of the continuing advertising 12 months.

Nonetheless, sugar output in Uttar Pradesh — the nation’s second largest producer of the sweetener — was larger at 7.81 MT as towards 7 MT within the interval below overview.

The manufacturing in Maharashtra — the nation’s largest producer of sugar — was down at 9.09 MT until February of this advertising 12 months, in contrast with 9.51 MT within the year-ago interval. Equally, the manufacturing in Karnataka — the nation’s third largest producer — was down at 4.7 MT from 5.12 MT within the interval. Sugar output reached 7,70,000 tonne in Gujarat and 5,80,000 tonne in Tamil Nadu to date this advertising 12 months.

Round 466 factories have been working until February of the present advertising 12 months as towards 447 within the year-ago interval.

“Within the present season, charge of closure of mills in Maharashtra and Karnataka is slower than final 12 months, indicating that tail of the season may very well be longer this 12 months in these states,” ISMA stated.

Up to now, a complete of 49 factories have closed throughout these two states this 12 months as towards 74 factories closed within the year-ago interval, it stated.

Total, 65 factories have closed their crushing operations throughout the nation as towards 86 within the year-ago interval.