NEW DELHI: Indian mills have produced 25.4 million tonnes of sugar since the current season began on Oct. 1, up 5.39% year on year, the Indian Sugar Mills Association said on Monday.

After the diversion of sugar for ethanol, mills produced 22.8 million tonnes of the sweetener between Oct. 1 and Feb. 15 compared with 22.2 million tonnes during the year-ago period, it said.

The association last month cut its 2022/23 output estimates by 7% from the previous forecast, as sugar cane yields in major producing states fell due to weather conditions.

Thailand expects to export 9mn T of sugar in 2023, up 17%

Lower sugar output estimates have dampened export prospects from the world’s biggest producer.