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Industry body ISMA revises 2023-24 sugar production estimate upwards by 2.9%.


Date: 14-03-2024
Subject: Industry body ISMA revises 2023-24 sugar production estimate upwards by 2.9%
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
 

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