ISMA projects domestic sugar consumption for 2024-25 season at around 280 lakh tonnes

Sugar consumption in the 2024-25 sugar season is expected to be lower than the previous season, according to the Indian Sugar and Bio-Energy Manufacturers Association (ISMA).

In a release, ISMA stated that, on the consumption side, it is noted that the domestic sales quota for the first four months of this year is 7 lakh tonnes lower compared to the same period last year. Additionally, during the previous year, a higher sales quota was released due to increased demand during the general elections (April – June, 2024). Consequently, ISMA estimates that, with an average domestic consumption of approximately 23.5 lakh tonnes over the remaining eight months, the total domestic consumption for the sugar season 2024-25 is projected to be lower, at around 280 lakh tonnes.

As crushing progresses at normal pace, sugar production till 31st December, 2024 in the current 2024-25 Sugar Season reached 95.40 lakh tonnes, against 113.01 lakh tonnes produced last year on the corresponding date. Number of operating factories were 493 this year, against 512 factories which operated last year on the corresponding date, according to ISMA.

Crush rate in the major states of UP, Maharashtra and Karnataka is reportedly better than last year. However, the crush rate suffered in Uttar Pradesh during last week of December’ 2024 due to temporary disruption in cane supply owing to rains.

According to the ISMA, the difference in net sugar production can be collectively attributed to higher sugar diversion towards ethanol this year (estimated as 40 lakh tonnes against 21.5 lakh tonnes in 23-24) and late start of sugar mills in Maharashtra and Karnataka.

ISMA will procure satellite imagery in 2nd week of January, 2025 and will come out with its 2nd advance estimates of sugar production end of January, 2025 after detailed analysis and field visits.

 

For more details and in-depth insights, keep reading ChiniMandi, your go-to source for the latest news on the Sugar and Allied Sectors news.

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