ISMA Estimates 10% Jump In Sugar Output In 2018-19

Image
Capital Market
Last Updated : Jul 17 2018 | 1:04 PM IST
India's 2018-19 season sugar production is set to increase by about 10%, according to Indian Sugar Mills Association (ISMA), a private sugar industry body. It expects sugar production to touch anywhere between 350 lakh tonnes and 355 lakh tonnes in 2018-19, from 322.5 lakh tonnes in 2017-18. This is about 28-33 lakh tonnes more than 2017-18 sugar season production of around 322.5 lakh tonnes. This is assuming that the rainfall is normal. Based on satellite images received in the latter part of June 2018, total acreage under sugarcane is estimated to be around 54.35 lakh hectares in 2018-19, which is about 8% higher than 2017-18 sugar season's cane area of around 50.42 lakh hectares. It is also noted that the area is almost similar to the area reported in 2013-14 and 2014-15, and slightly below 54 lakh hectare. Sugar production in the current 2017-18 season till June 30 is estimated at about 321.95 lakh tonnes.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 17 2018 | 12:44 PM IST

Next Story