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