Sunday, December 15, 2024
HomesugarIndia’s sugar industry off to a slow start, October-November output falls

India’s sugar industry off to a slow start, October-November output falls

ndian mills have produced 2.79 million metric tons of sugar since the current season began on Oct. 1, down 35.4% year on year, as mills in two key states started operations later than usual, a leading industry body said on Monday.

Lower sugar production could lead the world’s second-largest producer to refrain from allocating export quotas and support global prices.

The start of sugar cane crushing in the western state of Maharashtra and neighbouring Karnataka was delayed, but soon crushing will pick up momentum, said Prakash Naiknavare, managing director of the National Federation of Cooperative Sugar Factories Ltd (NFCSF).

Maharashtra’s production in the first two months of the new season fell 66% from a year ago to 460,000 tons, while Karnataka’s output dropped 36% to 700,000 tons, the industry body said.

Mills in the northern state of Uttar Pradesh have produced 1.29 million tons, down 1 % from a year ago.

By the end of November, 381 sugar mills in the country had started crushing operations, compared to 433 during the same period a year ago, Naiknavare said.

India could produce 28 million tons of sugar in 2024/25, down from 31.9 million tons produced a year ago, estimates NFCSF.

Sugar Times Team
Sugar Times Teamhttps://www.sugartimes.co.in
The Sugar Times Editorial Team is a group of experienced journalists, analysts, and industry experts dedicated to providing in-depth coverage and insights on the global sugar industry. With years of experience in agriculture, trade, sustainability, and market trends, the team brings a wealth of knowledge and expertise to every article they produce.Focused on delivering accurate, timely, and relevant news, the Sugar Times Editorial Team aims to keep industry professionals, stakeholders, and enthusiasts informed on key developments in sugar production, trade policies, innovations, and sustainable practices. Their collective goal is to help readers navigate the complexities of the sugar sector and stay ahead of emerging trends shaping the future of the industry.You may submit your article on info@sugartimes.co.in if you have valuable contributions for the industry readers.
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