India is all set to achieve an all-time record sugar production of 33 million tonnes in the ongoing marketing year that began on October 2018, the industry body Indian Sugar Mills Association (ISMA) said on Friday (3 April 2019), Mint.
The nation’s net sugar output during 2017-18 marketing year was in itself a record production as the output had reached 32.5 million tonnes. This year, the production having already reached 32.11 million tonnes, only 100 mills remained operational on 30 April 2019 according to ISMA.
Meanwhile, the industry body also highlighted that the sugar output is likely to decline in the 2019-20 marketing year, given the body expects the lower sugarcane output due to lesser rains in key states like Maharashtra. Further decline is expected out of the sugarcane diversion for production of ethanol.
Also, to prevent the glut in the market which could lead to severe price downfall, the government has been aggressively pushing the sugar producers to export more of their output, given the domestic demand for sugar stands at only 26 million tonnes.
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.