Sugar Output Marginally Declines To 25.53 MT This Marketing Year

Sugar Output Marginally Declines To 25.53 MT This Marketing Year

Sugar production stood at 25.84 MT till February in the year-ago period. Sugar marketing year runs from October to September.

PTIUpdated: Monday, March 04, 2024, 04:05 PM IST
article-image
Representative Image | Photo Credit: Twitter

The country's sugar production declined 1.19 per cent to 25.53 million tonne so far in the ongoing 2023-24 marketing year, industry body ISMA said on Monday.

Sugar production stood at 25.84 MT till February in the year-ago period. Sugar marketing year runs from October to September.

In its second estimate, the Indian Sugar Mills Association (ISMA) has projected sugar output to decline by 10 per cent to 33.05 MT in the current 2023-24 marketing year as against 36.62 MT in the previous year.

Uttar Pradesh outlier in the decline

According to ISMA, sugar production in Maharashtra, Karnataka, Gujarat, and Tamil Nadu remained lower till February of the ongoing marketing year.

However, sugar output in Uttar Pradesh -- the country's second largest producer of the sweetener -- was higher at 7.81 MT as against 7 MT in the period under review.

The production in Maharashtra -- the country's largest producer of sugar -- was down at 9.09 MT till February of this marketing year, compared with 9.51 MT in the year-ago period.

Slowdown in Karnataka and Maharashtra

Similarly, the production in Karnataka -- the country's third largest producer -- was down at 4.7 MT from 5.12 MT in the period.

Sugar output reached 7,70,000 tonne in Gujarat and 5,80,000 tonne in Tamil Nadu so far this marketing year. Around 466 factories were operating till February of the current marketing year as against 447 in the year-ago period.

"In the current season, rate of closure of mills in Maharashtra and Karnataka is slower than last year, indicating that tail of the season could be longer this year in these states," ISMA said.

So far, a total of 49 factories have closed across these two states this year as against 74 factories closed in the year-ago period, it said. Overall, 65 factories have closed their crushing operations across the country as against 86 in the year-ago period.

RECENT STORIES

India's Gold Demand Rises Above 600 Tonnes; Indian Investors Eye Gold ETF's

India's Gold Demand Rises Above 600 Tonnes; Indian Investors Eye Gold ETF's

Are Banks Closed Across India Tomorrow?, Here's What's Happening In Mumbai & Other States

Are Banks Closed Across India Tomorrow?, Here's What's Happening In Mumbai & Other States

Price Of 24-Carat Gold Surges To Nearly Rs 94,000-Rs 95,000 Per 10 Grams

Price Of 24-Carat Gold Surges To Nearly Rs 94,000-Rs 95,000 Per 10 Grams

RBI Set To Buy Government Bonds For 1.25 Lakh Crore

RBI Set To Buy Government Bonds For 1.25 Lakh Crore

Five Delhi Restaurants Fail To Refund Service Charges, CCPA Resorts To Suo Moto Action

Five Delhi Restaurants Fail To Refund Service Charges, CCPA Resorts To Suo Moto Action