Indian Sugar Output to Decline in 2023/24 Season: ISMA Estimates

Agriculture – Indian sugar output to decline

Agriculture – Indian sugar output to decline

The latest estimates from the Indian Sugar Mills Association (ISMA) show that sugar production in the nation could fall by 3.4% YoY to 31.7mt in the 2023/24 season (starting 1 October), roughly in line with the market expectations. It is expected that mills would divert 4.5mt of sugar to make ethanol in 2023/24, up from 4.1mt a year earlier. y

Meanwhile, the association estimates domestic consumption to be around 27.5mt, leaving a surplus of 4.2mt in 2023/24. The area under sugar cane is estimated to be around 5.98m hectares next season, similar to the level seen a year earlier.

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Topics

sugar decline output domestic consumption sugar cane surplus mills estimates Indian 2023/24 season ISMA ethanol hectares.

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