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NFCSF revises down sugar output estimate to 32.7 million tons for 2022-23

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The National Federation of Cooperative Sugar Federation (NFCSF) on Wednesday revised sugar production estimate lower to 32.7 million tonnes in the ongoing 2022-23 marketing year ending September from its earlier estimate of 35.5 million tonnes. The revised sugar production estimate is,
In addition, about 4.5 million tones of sugar is estimated to be diverted for ethanol production, he said.however, down by 8.88 per cent from the actual production of 35.92 million
tonnes in the 2021-22 marketing year (October-September).

In a statement, NFCSF said about 531 sugar mills across the country have produced 32.03 million tonnes of sugar till April 30. Of 531 sugar mills, 67 mills are still in operation.

“Considering the current pace of crushing, the current sugar season in the country will last till the end of May and it is estimated to produce about 32.7 million tonnes of new sugar,” NFCSF President Jayaprakash Dandegaonkar said.

Source Link: https://economictimes.indiatimes.com/news/economy/agriculture/nfcsf-revises-down-sugar-output-estimate-to-32-7-million-tons-for-2022-23/articleshow/100140324.cms

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