Indian Sugar Mills Association (ISMA) has lowered India's 2018-19 sugar production estimate by 2.5% to 307 lakh tonnes from first advance estimate of 315 lakh tonnes issued earlier.
Indian sugar industry is worth more than Rs. 80,000 cr (from sugar and its by-products). The Indian sugar industry supports around 5 crore sugarcane farmers across India and hence has high political importance as well.
There are 732 sugar mills in India with total sugar production capacity of about 34 mn tons of sugar. Roughly 50% of the mills are private. Indian sugar demand is around 25 mn tons. Indian per capita consumption of sugar is 18.8 kg v/s world average of 23 kg. Total acreage of India under sugarcane cultivation is about 47 lakh ha.