ISMA cuts sugar output estimate by 3.5% for 2022-23 marketing yr
The downward revision has been made due to a fall in sugar output in Maharashtra to 105 lakh tonnes in the 2022-23 marketing year, from an earlier projection of 121 lakh tonnes
New Delhi: Sugar industry body ISMA has revised downwards the country's sugar production estimate to 328 lakh tonnes for the current marketing year ending September, from an earlier projection of 340 lakh tonnes.
The downward revision has been made due to a fall in sugar output in Maharashtra to 105 lakh tonnes in the 2022-23 marketing year (October-September), from an earlier projection of 121 lakh tonnes. Sugarcane crushing season has ended in the state.
"ISMA has revised its all-India sugar production estimate for 2022-23 (after diversion into ethanol) to 328 lakh tonnes, after considering diversion of about 40 lakh tonnes of sugar equivalent into ethanol," the association said in a statement on Wednesday. In January, ISMA had projected output of 340 lakh tonnes, after diversion of 45 lakh tonnes towards ethanol. Sugar production in 2021-22 stood at 358 lakh tonnes post diversion towards ethanol. "Crushing season in Maharashtra has ended at around 105 lakh tonnes, lower than our earlier estimate, due to unexpectedly lower cane yields owing to higher ratoon crop share and uneven distribution of rainfall," ISMA said.
