Sugar production may fall by 9% to 256 lakh tonnes in 2015-16

Image
Press Trust of India New Delhi
Last Updated : Mar 29 2016 | 7:22 PM IST
Country's sugar production is estimated to decline by over 9 per cent to 256 lakh tonnes in the current marketing year ending September on account of lower sugarcane output.
Sugar production in India, the world's second largest producer after Brazil, stood at 283 lakh tonnes in the 2014-15 marketing year (October-September).
The Cane Commissioners of sugar producing states have estimated the production to be 256 lakh tonnes during the 2015-16 marketing year as against the initial projection of 260 lakh tonnes, sources said.
Maharashtra is estimated to produce around 86 lakh tonnes, while Uttar Pradesh 70 lakh tonnes and Karnataka 37 lakh tonnes. These three states are major producers.
The projection by cane commissioners is in line with the estimates made by the apex sugar industry body ISMA.
Indian Sugar Mills Association (ISMA) had said earlier this month that production might fall by 9 per cent in the current marketing year.
Sugar production fell for the first time this year with output dipping to 221.30 lakh tonnes till March 15 as against 221.57 lakh tonnes in the year-ago period.
According to ISMA, sugar exports are likely see an over 80 per cent jump to 20 lakh tonnes in 2015-16 marketing year.
Sugar mills have contracted to export 14 lakh tonnes of the sweetener since October and are likely to ship out another 5-6 lakh tonnes the end of the season in September.
*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: Mar 29 2016 | 7:22 PM IST

Next Story