Sugar Output Jumps Sharply as Maharashtra, UP, Karnataka Lead Growth

In response to the Indian Sugar and Bio-Power Producers Affiliation (ISMA), India’s sugar manufacturing elevated to 19.503 million tons in January, in comparison with 16.479 million tons in the identical interval final season. This represents an 18.4 % enhance in manufacturing year-on-year. In response to ISMA, 515 sugar mills are at the moment in operation throughout the nation, barely larger than the 501 mills working on the identical time final yr. The sugar crushing season usually begins in October.

In response to knowledge, Maharashtra, Uttar Pradesh, and Karnataka are the nation’s largest sugar-producing states, and manufacturing has elevated this yr in all three states. Sugar manufacturing in Maharashtra has reached 7.872 million tons, a rise of roughly 42% in comparison with the identical interval final season. At the moment, 206 mills are operational within the state, in comparison with 190 throughout the identical interval final yr.

The state of Uttar Pradesh, which holds the second place, produced 5.51 million tons of sugar by the top of January. It has been noticed that this yr, the manufacturing is round 2.5 million tons (round 5%) greater than the earlier yr as a consequence of constant crushing. The crushing in Karnataka has additionally improved this yr, with a rise in manufacturing by round 15% in comparison with the earlier season.

ISMA has as soon as once more demanded a revision within the minimal promoting worth (MSP) for sugar. In response to ISMA, “The early revision of MSP in accordance with a rise in manufacturing prices is crucial for monetary stability within the business, well timed fee of sugarcane to farmers, and stability within the sugar market with none monetary burden on the federal government.”