India produced 24.Seventy seven million tonnes of sugar till February 28, rose 6.Nine% in comparison with 23.18 million tonnes a 12 months earlier, the Indian Sugar Mills Association (ISMA) stated, further worsening a glut in the marketplace and retaining generators’ margin under stress.

ISMA has projected the country’s sugar production for 2018-19 at 30.7 million tonnes, decrease than the report output of 32.Five million inside the previous year, however higher than every other year within the past. Consumption, in the meantime, is expected to stay 26 million tonnes this 12 months.

Since bulk of the production is over, and most generators in Maharashtra and Karnataka are set to close, the tempo of manufacturing is expected to gradual down in the coming days.

Maharashtra produced nine.21 million tonnes of sugar till February 28, up 8.9% from the corresponding duration ultimate year, in keeping with the ISMA facts.

In Uttar Pradesh, generators produced 7.32 million tonnes of sugar with the aid of the give up of February, marginally lower than the 7.36 million tonnes produced a yr earlier than. Around 117 generators were in operation this season.

In Karnataka, 41.69 lakh tonnes were produced thus far this season, with 32 generators having stopped their operations, whilst 35 are still into paintings. The country had produced 33.Ninety two lakh tonnes of sugar within the identical period remaining yr, while 38 generators were in operation, and 27 generators had closed.

Tamil Nadu has produced four.70 lakh tonnes of sugar up to now this sugar season from 32 mills nevertheless in operation, as compared to 3.58 lakh tonnes produced with the aid of 26 sugar generators inside the corresponding length of 2017-18 SS.

Gujarat has produced 8.80 lakh tonnes, with 14 sugar generators in operation. Last yr, 15 sugar turbines have been in operation, and that they had produced 8.23 lakh tonnes in the equal duration. In Andhra Pradesh and Telangana, 25 sugar turbines have produced five.70 lakh tonnes, as compared to five.Seventy one lakh tonnes produced by 22 sugar generators on the corresponding date closing season.

In Bihar, Uttarakhand, Punjab, Haryana and Madhya Pradesh and Chhattisgarh, sugar manufacturing has been within the order of 5.75 lakh tonnes, 2.Fifty five lakh tonnes, 4.60 lakh tonnes, 4.15 lakh tonnes and four.10 lakh tonnes, respectively.