Sugar Rate Hike: Important news for the general public. According to a recent report, it is being said that there is going to be a steep rise in the prices of sugar. The main reason for this decline is believed to be the production incident in Maharashtra.
Sugar production in the country decreased by 6% to 3 crore 11 lakh tonnes till April 15 in the current marketing year. The main reason for this decline is the production incident in Maharashtra. According to industry organization ISMA, sugar production was 3 crore 28.7 lakh tonnes in the same period of marketing year 2021-22. The sugar marketing year runs from October to September.
Sugar production increased in UP-
According to the data of the Indian Sugar Mills Association (ISMA), the production of sugar in Uttar Pradesh, the second largest producer of sugar in the country, has increased to 96.6 lakh tonnes from October 1, 2022 to April 15, 2023 in the current marketing year. It was 94.4 lakh tonnes in the same period a year ago.
During this period, production in the country’s major sugar producing state Maharashtra declined to 10.5 million tonnes from 12.65 million tonnes earlier, while production in Karnataka declined from 5.8 million tonnes to 5.53 million tonnes.
Estimate of 3.40 million tonnes of sugar production-
ISMA has estimated 3.40 million tonnes of sugar production for the marketing year 2022-23. Sugar production in the marketing year 2021-22 was 35.8 million tonnes. India is the second largest sugar producing country in the world after Brazil. The government has given permission to export 60 lakh tonnes in the current season 2022-23.
