Sugar production expected to see a slight dip amid rising ethanol demand
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Photo By Agrihunt
Sugar production in the 2023-24 sugar season, which starts in October, is expected to be 317 lakh tonnes as against 328 lakh tonnes during the current season (after diversion of supplies for ethanol).
Preliminary estimates by the Indian Sugar Mills’ Association (ISMA) show that total production will be 362 lakh tonnes compared with 369 lakh tonnes in the ongoing season, which will end on September 30. Sugar diversion for ethanol will be 45 lakh tonnes while it is nearly 41 lakh tonnes this season. Sugar consumption is likely to be 275 lakh tonnes.
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