Diversion of sugar for ethanol to fall by 11%, says ISMA
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Trade body Indian Sugar Mills Association (ISMA) has lowered it’s sugar production estimate by 3.5%, while the estimated diversion of sugar to ethanol has also been cut by 11% in its latest estimate issued today over the earlier estimate issued in January.
The all India sugar production after diversion for ethanol is projected to fall to 328 lakh tonnes from 340 lakh tonnes projected earlier, while the sugar production before diversion will slide to 368 lakh tonnes, down by 4.6% from 385 lakh tonnes of production estimated by ISMA in January.
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