AISTA cuts sugar production forecast to 33.5 million tonnes

Sugar industry body AISTA said on Monday that India’s sugar production is estimated to decline by one million tonnes to 33.5 million tonnes in the current season of 2022-23 due to lower sugarcane production and sugar realization from it. Earlier, the All India Sugar Trade Association (AISTA) had estimated sugar production at 34.5 million tonnes in the October 2022-September 2023 season. Based on the revised estimates, the country’s sugar production is likely to be lower by 2.3 million tonnes as compared to 35.8 million tonnes in the 2021-22 season.

Releasing the second estimate, AISTA said the revised estimate of sugar production did not take into account the amount of sucrose required to make ethanol. Sugar production in Maharashtra is estimated at 11.3 million tonnes in the current season, compared to 13.7 million tonnes in the 2021-22 season. Production in Karnataka is likely to decline marginally to 5.5 million tonnes in the said period as against 6.2 million tonnes earlier. However, sugar production in Uttar Pradesh is estimated to be slightly higher at 10.8 million tonnes as against 10.2 million tonnes in the previous season.

According to AISTA, “The decline in production in Maharashtra and Karnataka is mainly due to lower cane yield and reduction in sugar realization.” It said a large number of sugar mills in Maharashtra have started closing or have already closed. have closed or are able to work only in one or two shifts. This shows clear signs of closure of the crushing season. In the current season, the domestic consumption will be 2.75 million tonnes and the export will be 6 million tonnes. It states that the ‘closing stock’ will be 6 million tonnes.

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