A domestic sugar trade body today pegged India’s sugar production in the current 2019-20 crushing season at 27.4 million tonnes (MT), which is 1.4 MT higher than estimate provided by the Indian Sugar Mills Association (ISMA), which ISMA put the output at 26 million tonnes. ISMA is the representative body of the mills.
According to All India Sugar Trade Association (AISTA), sugar production is estimated to fall almost 17.5 per cent from 33.2 MT last year to 27.4 MT in the ongoing season.
In November 2019, ISMA had – in its preliminary projection – estimated sugar output to dip sharply by 20