Sugar Production Plunges 54% To 18.85 Lakh Tonne In October-November



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    India's sugar production fell 54 percent during October-November to 18.85 lakh tonne due to sharp decline in output in Maharashtra where cane crushing started late, according to trade data.

    Sugar season or marketing year runs from October to September.

    "Sugar production till Nov. 30, 2019 in the current 2019-20 sugar season is 18.85 lakh tonne, which was 40.69 lakh tonne last year on November 30, 2018," Indian Sugar Mills Association said in a statement.

    Only 279 sugar mills were operating as on Nov. 30 this year as compared to 418 factories crushing sugarcane a year ago, it said.

    Last month, ISMA said the sugar output is estimated to fall 21.5 percent to 26 million tonne in the 2019-20 marketing year. It reported an opening stock of 14.58 million tonne of sugar as on Oct. 1.

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    Read Full News: https://www.bloombergquint.com/economy-finance/sugar-production-plunges-54-pc-to-18-85-lakh-tonne-in-oct-nov


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