1. Commodity News

Sugar Production Increased15% to a Total of 35.24 million tons so far this Year

According to the data by the National Federation of Cooperative Sugar Factories Ltd (NFCSFL), another 4-5 lakh tonne of sugar is expected to be produced by the end of the current marketing year.

Abha Toppo
Sugar
Sugar

According to data released on Tuesday by cooperative body NFCSFL, sugar production in India, the world's largest producer and second-largest exporter, increased 15% to a record 35.24 million tonnes in the current 2021-22 marketing year due to higher output in Maharashtra and Karnataka.

Sugar production stood at 30.63 million tonnes in the year-ago period. The sugar marketing year runs from October to September.

The sugar output achieved so far is much higher than the total output of 31.12 million tonnes in the entire 2020-21 marketing year.

According to the data by the National Federation of Cooperative Sugar Factories Ltd (NFCSFL), another 4-5 lakh tonne of sugar is expected to be produced by the end of the current marketing year.

Of the total sugar manufactured, sugar output in Maharashtra — the country's leading producing state — rose to 13.68 million tonnes by May 30 of the current marketing year, compared to 10.63 million tonnes in the year-ago period.

Sugar production in Uttar Pradesh, the country's second-largest producer, however, remained lower at 10.22 million tonnes so far this year against 11.01 million tonnes in the year-ago period.

The production in Karnataka rose to 5.92 million tonnes from 4.25 million tonnes, the data showed.

Till May 30, crushing operations were still on in about 50-odd mills, mostly in Maharashtra, Uttar Pradesh, and Tamil Nadu.

The government has capped sugar exports at 10 million tonne in the ongoing 2021-22 marketing year as a precautionary step to ensure enough availability of the sweetener during the festival season in October-November.

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