Indian Economy News

Indian sugar exports at 7 million tons YTD, may touch 9 million tons: ISMA

According to industry group Indian Sugar Mills Association (ISMA), India is the world's second largest sugar producer after Brazil, and has exported 7 million tonnes of the sugar so far in the current marketing year (October 2021-September 2022), and shipments could reach a new high of 9 million tonnes. The country's sugar output increased to 34.23 million tonnes in April of this marketing year, up from 30 million tonnes the previous year.

Sugar production in Maharashtra, the country's biggest sugar-producing state, has climbed to 13.20 million tonnes through April 2022, up from 10.56 million tonnes the previous year. However, production in Uttar Pradesh, the country's second-largest sugar-producing state, has fallen to 9.89 million tonnes this marketing year, down from 10.56 lakh tonnes the previous year. Karnataka, the country's third largest sugar producer, raised production to 5.9 million tonnes in April this year, up from 4.24 million tonnes the previous year.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.