Sugar production beats estimates with late pick up in rains raising output

That is down 1.8% from the previous full year, but already above the around 29 million metric tons expected at the start of the current season due to drought in Karnataka and Maharashtra states

sugarcane farmers
Production in Karnataka is estimated at 5.26 million tons, lower than last year's 5.8 million tons but above initial estimates.
Reuters MUMBAI/NEW DELHI
2 min read Last Updated : May 01 2024 | 11:48 PM IST
India's sugar production has been higher than expected this year after the completion of cane crushing at most of its mills, industry officials said on Wednesday, with a late pick-up in rains raising output.

With the majority of India's sugar mills having now completed crushing for the 2023/24 season, output so far stands at 31.59 million metric tons, according to the National Federation of Cooperative Sugar Factories Ltd (NFCSF).
 
That is down 1.8% from the previous full year, but already above the around 29 million metric tons expected at the start of the current season due to drought in Karnataka and Maharashtra states.
 
A handful of mills are still left to report, with only around two dozen of the 532 mills operational this season still in action, the officials said, including two in top sugar-producing state Maharashtra and 13 in the northern state of Uttar Pradesh.
 
Mills in the southern state of Karnataka and the western state of Gujarat have altogether completed cane crushing.
 
November rains helped the sugarcane crop, and yields improved, Ravi Gupta, executive director at Shree Renuka Sugars Ltd, a leading producer, told Reuters.

Output in Maharashtra has jumped to 11 million tonnes, up from 10.53 million tonnes produced a year ago, NFCSF said.
 
Production in Karnataka is estimated at 5.26 million tons, lower than last year's 5.8 million tons but above initial estimates.
 
However Uttar Pradesh was expected to be a laggard, with production so far around 10.4 million metric tons, according to a senior industry official who did not wish to be named, and output still to be reported likely to be marginal.
 
It had been forecast to churn out more than 11.5 million tons of sugar this year.
 
Red rot disease hit the cane crop in Uttar Pradesh, while cane was diverted for the production of alternative sweeteners such as jaggery, said Avantika Saraogi, executive director at Balrampur Chini Mills, a leading producer.
*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

Topics :MaharashtraSugar

First Published: May 01 2024 | 11:35 PM IST

Next Story