Isma lowers sugar output estimate by 1 million tonnes
India's sugar production estimate has been revised downward by about one million tonnes, to over 25 mt, in the current marketing year ending September on lower sugarcane availability. Indian Sugar Mills Association (Isma) had earlier pegged the output by the country, second largest producer after Brazil, at 26 mt in the October-September (2015-16) period, as against 28.3 million tonnes in the previous year.
Despite estimated 12 per cent fall in production, Isma said India would have a closing stock of about 7 mt at the end of September. Isma's latest projection is lower than the government's estimate of 25.6 mt. In the October-April period, production has fallen by 11 per cent to 24.6 mt.
"From the beginning of the current 2015-16 season and till 30th April 2016, sugar mills have produced 24.60 million tonne of sugar, down 11 per cent as compared to 27.60 million tonnes produced in 2014-15 sugar season in the same corresponding period," Isma said in a statement.