ISMA pegs sugar output lower by 3.41 pc at 316.80 lakh tons in 2023-24 season
will begin from October 2023, due to more diversion of cane for ethanol production, according to the industry body ISMA. In the ongoing 2022-23 season (October-September), sugar production is estimated at 328 lakh tonnes.
Releasing a preliminary estimate, Indian Sugar Mills Association (ISMA) said about 45 lakh tonnes of sugar will be diverted towards production of ethanol in the next season 2023-24, as compared to about 41 lakh tonnes in current season. Sugar production in the 2023-24 season is, however, estimated to be higher than the domestic consumption of 275 lakh tonnes, leaving a surplus of 42 lakh tonnes at the end of the season, it added.
Total sugarcane acreage remains slightly higher at 59.81 lakh hectare in 2023-24, as against 59.07 lakh hectare in the previous year. Cane acreage in Karnataka and Tamil Nadu remains lower, ISMA said.
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