Sweet Surge: Indian Sugar Production Climbs
Indian sugar production increased by 10.4% to 26.18 million metric tons from October to March. Maharashtra, Karnataka, and Uttar Pradesh boosted the output. Despite the rise, total production this season is predicted to fall short of earlier estimates. Notably, India exported a substantial amount of sugar.
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Indian sugar mills achieved a significant production milestone, reaching 26.18 million metric tons between October 1 and March 15, marking a 10.4% increase compared to the previous year, according to a report by a prominent industry body.
Maharashtra led with a rise to 9.85 million tons from 7.86 million, while Karnataka experienced a notable 17.1% increase to 4.58 million tons. Similarly, Uttar Pradesh saw a slight increase to 8.15 million tons, as stated by the National Federation of Cooperative Sugar Factories.
Despite the production surge, India's season-end sugar output is projected to decline to 28.3 million tons, below the earlier forecast of 29.6 million tons. Furthermore, India exported 315,577 tons to markets including the UAE, Afghanistan, Djibouti, Tanzania, and Sri Lanka, the All India Sugar Trade Association reported.
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