THE SUGAR INDUSTRY IN INDIA: HOW SWEET?
- Credit Rating Agency in India
- Industry Report
- THE SUGAR INDUSTRY IN INDIA: HOW SWEET?
Sugar is an important commercial commodity in the world. Around 183.5 MMT of sugar was produced in CY 2023-24 representing a 2 per cent growth over last year. Sugar production is expected to increase to 186 MMT in CY 2024-25. Brazil (25 per cent), India (19 per cent), European Union (8 per cent) and China (5 per cent) are the major producers, collectively producing more than 104.4 MMT.
Sugarcane is an important input in the food and energy industry. In food industry, sugar is used as an additive. While in the energy industry, sugarcane is used to produce ethanol, biofuels, and energy though cogeneration units. Sugar byproducts also find use in the chemical, fertilizer industry and paper & pulp industry.