India. Sugar production decreased by more than 15%
According to the Indian Sugar Manufacturers Association (ISMA), as of December 31, sugar mills produced 9.54 million tons of sugar, down 15.6% year-on-year.
By the end of December, 493 factories were processing sugar cane, compared to 512 factories at the same date last year.
The decline in sugar production this year was caused by a greater diversion of sugar to ethanol production, which is estimated at 4 million tons, compared to 2.15 million tons in the MY 2023/24, as well as the late start of sugar mills in Maharashtra and Karnataka.
In January, ISMA plans to publish its second estimate of sugar production in the 2024/25 MY based on satellite images and their detailed analysis.
According to ISMA, domestic sugar consumption in the current season will be lower than last season and will amount to about 28 million tons.
The domestic sugar sales quota for the first four months of the current 2024/25 season is 700 thousand tons lower than in the same period last season. According to ISMA estimates, the average monthly domestic sugar consumption during the eight months of the 2024/25 season will be about 2.35 million tons.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
QSS Global – Lanyard Sponsor of BLACK SEA GRAIN. EUROPE-2025
Ukrainian grain exports exceeded 23.6 mln tons
Black Sea region will remain a key supplier to meet the EU’s rapeseed demand...
Avian flu has led to a shortage of eggs in the United States
Brazil. Sugar production decreased by 63%
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon