The Indian Sugar and Bio-Energy Manufacturers Association (ISMA) estimates the current sugar season to end in September with a stock of 91 lakh tonnes.
ISMA in a statement said the sugar marketing season (October to September) every year ends with about 55 lakh tonnes. But this year, it is likely to be higher by 36 lakh tonnes. This “can potentially lead to additional costs for millers on account of idle inventory,” it said.
