 "sugar")
India's sugar production may drop slightly to 35.5 mt in the 2022-23 marketing year, starting October, because of the diversion of sugarcane towards ethanol manufacturing. Still, there would be almost an 8-mt surplus for exports, according to industry data.
Production during the current 2021-22 sugar season is estimated to be almost 36 mt.
Indian Sugar Mills Association (ISMA) on Friday released its preliminary estimates for sugar production for the 2022-23 marketing year. ISMA said sugar output is expected at 36 mt in the current marketing year ending September. Domestic consumption next year is estimated to be around 27.5 mt, the association said.
