Expectations from Modi 3.0: A perspective from the sugar industry
In the 2023-24 season, the Indian sugar industry celebrated a major achievement with production soaring to 32.135 million tonnes (mt), surpassing global and local demands and yielding an 8.705 mt surplus. Looking ahead to 2024-25, production is forecasted to dip slightly to 29.75 mt, yet a surplus remains projected, promising a stable supply. This continued success underscores India’s pivotal role in the global sugar market amidst evolving agricultural dynamics.
The 2023-24 season marked a significant triumph for the Indian sugar industry. The production escalated to an impressive 32.135 million tonnes (mt), exceeding both domestic and international demands, and resulting in a surplus of 8.705 mt. As we look forward to the 2024-25 season, production might experience a slight decline to 29.75 mt, but a surplus is still anticipated, ensuring a steady supply.
