Sugar factories cannot survive on sugar production alone. Of the total ethanol produced in the country, 50 to 52 per cent is produced using sugarcane juice. So no other food grain can achieve this, Dandegaonkar said. He added that India has the lowest prices of sugar at present.
Indian sugar mills have produced 4.32 million metric tons of sugar, down 10.7% YoY, due to delayed operations in Maharashtra and Karnataka due to price disputes with farmers. This could lead to reduced export quotas and support for global prices trading near multi-year highs.
Indian mills have produced
4.32 million metric tons of sugar since the current season began
on Oct. 1, down 10.7% year on year, as mills in two key states
started operations later than usual, a. -December 01, 2023 at 04:30 am EST
- MarketScreener