As per the market sources, for the 2022-23 sugar season which had started from 01st October 2022. The opening stock as on 01st October 2022 is estimated at 6.00 million tonnes, the sugar production is likely to decrease in the 2022-23 season to 35.5 million tonnes as compared to the previous 36.0 million tonnes in 2021-22 season. Total sugar supply is expected to be 41.5 million tonne and domestic consumption is expected to slightly increase to 27.5 million tonnes in the coming season. Overall closing stock for the 2022-23 season is expected to be 6.00 million tonnes as on 30th Sept 2022. At Agriwatch, we expect sugar production to fall at 34.80 million tonnes in the 2022-23 season mainly due to lower sugar recovery along with higher diversion of sugarcane for ethanol production.