Industry body Indian Sugar Mills Association (ISMA) has revised the sugar production estimate for 2023-24 upwards to 34 million tonnes; up by 2.9% from its earlier estimate of 33.05 million tonnes issued in January this year.
The Indian government has put a cap of diversion of 1.7 million tonnes of sugar for ethanol production in 2023-24 to make more sugar available for the consumers as there were concerns over the production of sugar due to the drought in Maharashtra and Karnataka.
Source Name : Economic Times