Maharashtra’s sugar production has dropped by 17.4% due to a substantial decrease in the recovery rate of sugarcane caused by unequal rainfall and climate change. This could result in a rise in retail prices. After the recent conclusion of the crushing season, sugar production in the state was reported at 1,053 lakh quintals in 2022-23 compared to 1,275.3 lakh quintal in 2021-22. The government incentives for converting sugar to ethanol have further led to a drop in sugar production. Experts predict that retail prices of sugar may increase by INR1 to INR2 per kg.
Sugar production in state drops by 17%, retail price may go up
