Sugar production to fall 5% to 34 mn tonnes in 2022-23 marketing year: ISMA

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Sugar production to fall 5% to 34 mn tonnes in 2022-23 marketing year: ISMA - Business Standard

Quick Summary:

India's sugar production is estimated to fall 5 per cent during 2022-23 marketing year ending September to 340 lakh tonnes as more quantity of sugarcane juice is being diverted for production of ethanol, according to industry body ISMA.

In a statement, Indian Sugar Mills Association (ISMA) said sugar production in 2022-23 is estimated at around 340 lakh tonnes after diversion of 45 lakh tonnes of sweetener towards ethanol manufacturing.

Sugar production stood at 358 lakh tonnes in the 2021-22 marketing year (October-September).