Commodities Buzz: Domestic Sugar Output Crosses 31 Million Tonnes Says ISMA

Indias sugar production crossed 31 million tonnes (mt) till April 30, nearly 1.5 mt more than what the sugar industry officially had forecast in March, an Indian Sugar Mills Association (ISMA) release said on Thursday. Total production may go up further to around 31.5 – 32 mt as 130 sugar mills, mainly in Uttar Pradesh, are continuing with their crushing operations, the release said. The sugar mills in UP have so far produced 11.2 mt and 80 out of a total 119 mills in the State are still continuing their crushing operations. Some of these mills are closing fast, whereas few are expected to continue crushing till the second week of May 2018. Maharashtra, the second highest sugar-producing State, has so far produced 10.7 mt. Most mills in the State, barring 15 of them, have ceased their crushing operations. Mills in Karnataka have already completed crushing operations and produced 3.63 mt during the current sugar season.