December 3, 2015 4:26 PM

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Sugar production up 24% at 23.6 LT in Oct-Nov: ISMA

India's sugar production rose 24 per cent to 23.60 lakh tonnes during the October – November month on higher output from Maharashtra. Sugar export from India stood at 1.75 lakh tonnes in the first two months of the current marketing year. Sugar marketing year runs from October to September.<br/><br/>Releasing the production and exports data, Indian Sugar Mills Association (ISMA) said the ex-mill sugar prices, which had touched 6 -7 year low, have improved by 4-5 rupees per kg, but the rates are still down by Rs 5-6 per kg when compared to the production cost.<br/><br/>Association said, India is all set to produce surplus sugar for the sixth straight year at 26-27 million tonnes in this marketing year. To liquidate surplus stock, Government has made it mandatory for mills to export 4 million tonnes this season.

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