The sugar till December 15 in 2022-23 sugar season is 82.1 lakh tonnes, against 77.9 lakh tonnes produced during the corresponding period of previous year, up by 4 lakh tonnes. The sugar production figures are before diversion of sugarcane juice for ethanol production.
The state of Maharashtra is leading with production of 33 lakh tonnes of sugar, followed by Uttar Pradesh, which has produced 20.3 lakh tonnes of sugar.
“The number of operating factories is also higher at 497 against 479 which operated last year on the corresponding date,” said ISMA.
Based on port information and market reports, ISMA has pegged India’s export contracts at 45-50 lakh tonnes, against the quota of 60 lakh tonnes, out of which 6 lakh tonnes of sugar has been physically dispatched out of the country till November 30.
“Another about 8-9 lakh tonnes of sugar is in the pipeline to be exported in the month of December. The total exports by the end of December could be around 15 lakh tonnes,” said ISMA.
Indian sugar mills and exporters have demanded for a second tranche of export quota for the ongoing sugarcane crushing season.