According to the chairman of Renuka Sugar, the nation will probably produce more sugar than 32.0 million tons, which will surpass previous estimates. Prices for sugar will remain stable during the off-peak season despite a spike in production. 

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India’s Sugar Production 

According to Chaturvedi, the nation's sugar production is probably going to be much higher than first projected, at over 32.0 million tons. Moreover, sugar values have stayed flat despite the prohibition on sugar exports and increased monthly releases. Additionally, since elections are soon, the government will make sure that prices are controlled. 

The latest data indicates that domestic sugar prices have remained stable, with ex-mill prices recorded at Rs 37.5/kg in Uttar Pradesh and Rs 34/kg in Maharashtra. Data on state-level crushing for the Sugar Season Year (SSY) 24 as of January 31 shows increases in sugar production figures over the prior year. According to Centrum Sugar Industry, sugar production has dropped by just 3.2% despite a 4% decrease in sugarcane crushing activity. According to the data, the national sugar recovery rate has stayed comparatively constant at 9.71 percent. Sugarcane crushing has significantly decreased in Maharashtra and Karnataka, which is explained by the fact that these states have fewer mills running. On the other hand, sugarcane crushing has increased by 3.7% in Uttar Pradesh, and more mills are now in operation as a result. 

Sugar production fell to 18.7 million metric tons (MMT) from 19.3 MMT in the previous Sugar Season Year (SSY) 23 due to a decrease in sugarcane crushing. Uttar Pradesh, on the other hand, has demonstrated an amazing 13.3% increase in sugar production. If you are a sugar importer wishing to import sugar in bulk or a Sugar Exporter willing to export bulk sugar, then Tradologie.com is the right platform for you. Tradologie.com facilitates bulk agro-commodity sales and procurement across the globe. Through tradologie.com’s interface, buyers can avail the best qualities of agro-commodities in bulk at negotiable rates. 

The transaction oriented platform has 700,000+ verified buyers and about 70,000+ registered sellers of agro-commodities from over 100 countries. 

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