Sugar output slumps 44% in early 2024-25 season as mills delay crushing

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India's sugar production dropped 44 per cent to 7.10 lakh tonnes in the first six weeks of the 2024-25 season compared with 12.70 lakh tonnes a year earlier, as fewer mills started crushing operations, industry body NFCSFL said on Friday.

Only 144 sugar mills were operational as of November 15, down from 264 mills in the previous year, the National Federation of Cooperative Sugar Factories Ltd (NFCSFL) said in a statement.

In Karnataka, production fell to 26.25 lakh tonnes from 53.75 lakh tonnes a year ago, with only 40 mills operating.

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Category: BusinessFinance

Markets: India

Topics: Output Season Mills NFCSFL National Federation of Cooperative Sugar Factories Ltd Sugar

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Published On: 2024-11-15 @ 18:15:26 (6 hours ago)

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News Source URL: business-standard.com

Language: English

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