India's sugar production estimate revised upwards to 26.5 million tonnes

The industry's closing stock as at the end of September seen at 10 million tonnes

Indian Sugar Mills Association, the apex body of sugar producing companies, on Tuesday upgraded marginally its sugar production estimate for the October 2019-September 2020 sugar season.

Based on a study of satellite images of cane area in the last week of January 2020, ISMA said at its meeting held on Tuesday that sugar production would be 26.5 million tonnes.

These are satellite images of harvested and balance area, trend of yields and sugar recoveries achieved till now, as also expected yield/sugar recovery in the balance period of the sugar season. “There was an agreement that sugar production during 2019-20 would be