ISMA estimates domestic sugar production to be lower than last season

07-Nov-2024 11:22 AM

New Delhi. The apex industry body - Indian Sugar and Bio Energy Manufacturers Association (ISMA) has released the first advance estimate of sugar production for the 2024-25 marketing season.

Under this, its total production is expected to fall to 333 lakh tonnes, which is 7.64 lakh tonnes less than the estimated production of 340.64 lakh tonnes in the 2023-24 marketing season (October-September).

According to the ISMA report, during the 2024-25 season, compared to the 2023-24 season, sugar production is likely to fall from 118.48 lakh tonnes to 111.02 lakh tonnes in Maharashtra, from 58.08 lakh tonnes to 58.07 lakh tonnes in Karnataka and from 54.08 lakh tonnes to 53.81 lakh tonnes in other states except UP.

As far as Uttar Pradesh is concerned, sugar production there is estimated to improve from 110 lakh tonnes last year to 110.10 lakh tonnes this time.

According to ISMA, during the 2023-24 season, out of the total production of 340.64 lakh tonnes, 21 lakh tonnes of sugar was used in ethanol production and 319.64 lakh tonnes of sugar was available for human food purposes.

In the current season of 2024-25, about 40 lakh tonnes of sugar is estimated to be used in ethanol production, due to which the production of pure sugar (fit for human consumption) may decrease to 293 lakh tonnes.

According to ISMA data, during the current marketing season of 2024-25, with an outstanding stock of 84.79 lakh tonnes and production of 333 lakh tonnes, the total availability of sugar will reach 417.79 lakh tonnes.

Out of this, 290 lakh tonnes will be used for domestic consumption and 40 lakh tonnes for ethanol production. / 87.79 lakh tonnes of Chinese stock may remain at the end of the season.