NEW DELHI: Indian mills have produced 25.4 million tonnes of sugar since the current season began on Oct 1, up 5.39% year on year, the Indian Sugar Mills Association said on Monday.
After the diversion of sugar for ethanol, mills produced 22.8 million tonnes of the sweetener between Oct. 1 and Feb. 15 compared with 22.2 million tonnes during the year-ago period, it said.
The association last month cut its 2022/23 output estimates by 7% from the previous forecast, as sugar cane yields in major producing states fell due to weather conditions.
Lower sugar output estimates have dampened export prospects from the world’s biggest producer.
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