Indian Sugar Mills Association (ISMA) has trimmed the sugar output estimate in India. Apart from this, the apex sugar body has also reduced estimated diversion of sugar to ethanol.
ISMA has revised its all-India sugar production estimate for 2022-23 SS (after diversion into ethanol) as 328 lakh tonne, after considering diversion of about 40 lakh tonnes of sugar equivalent into ethanol.
Earlier ISMA had estimated that around 45 lakh tonnes of sugar would be diverted to ethanol production.
In its meeting organised on April 25, 2023, ISMA noted that the sugar production for the country upto 15th April’2023 was around 311 lakh tonnes. Crushing season in Maharashtra have 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. Main season in Karnataka is on the verge of closure and have produced around 55 lac tons so far. However, special season will operate in Karnataka from June / July’2023.
