Developer docs
API playgroundTry for free, no card

Search company profiles

Indian Sugar Mills Association

Full company profile

uuid00kd71c

Namestring
Indian Sugar Mills Association
Legal namestring
Indian Sugar & Bio-energy Manufacturers Association
Websiteurl
indiansugar.com
Company typeenum
Private
Founded yearint
1932
Descriptiontext

The Indian Sugar Mills Association (ISMA), legally the Indian Sugar & Bio-energy Manufacturers Association since a 2024 rebrand, is a private, non-profit industry association founded in 1932 and headquartered in New Delhi, India. It represents private sugar mills operating across India and advocates with the central and state governments on policies including the Essential Commodities Act, 1955 and the Sugar (Control) Order, 2025. Its mandate spans five sectors: sugar (India's second-largest agro-processing industry), bio-ethanol, sustainable aviation fuel, green hydrogen, and compressed biogas, with a stated commitment to sugarcane farmer welfare.

ISMA's revenue model is membership-fee based, funded by private sugar mills across India at recurring/annual intervals, with fees likely negotiated by mill size and capacity. Go-to-market is sales-led and relationship-driven: ISMA coordinates directly with member mills via state sugar associations rather than marketing to end consumers. The organization operates with a small staff of 11–50 employees and supports its advocacy work through publications (ISMA Times journal), email communications, and an active social media presence across LinkedIn, X, YouTube, and Instagram. Member services include regulatory compliance support, policy advocacy, crushing-season analysis, and bio-energy industry development.

In July 2026, ISMA jointly committed Rs 90 crore with the National Federation of Cooperative Sugar Factories (NFCSF) and the Union government to establish a Centre of Excellence at the ICAR-Sugarcane Breeding Institute in Coimbatore for developing higher-yielding sugarcane varieties suitable for ethanol, bio-CNG, and bio-energy applications. India's annual domestic sugar consumption requirement stands at 28.1–28.5 million tonnes, and the average crushing season has declined to ~100 days, creating structural challenges for member mills that ISMA addresses through policy engagement.

Short descriptiontext

ISMA is a New Delhi-based, private non-profit trade association founded in 1932 that advocates for India's private sugar mills on government policy, coordinates with state associations, and supports bio-energy expansion including ethanol, SAF, green hydrogen, and compressed biogas.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersNew Delhi, India
HQ citystring
New Delhi
HQ countrystring
India
HQ regionstring
Asia
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
sugar industry advocacy, bio-energy manufacturing, industry trade association, sugarcane breeding research, policy advocacy
Industry2 codes
1Grain & Sugar-Based Ethanol Production
CodeEUAAAHAAPrimaryYes
2Sugar & Sweeteners Trading/Wholesale
CodeAFAIAKABPrimaryNo
NAICS code3 codes
  • Business Associations813910
  • Sugar Manufacturing31131
  • Sugarcane Farming11193
SIC code1 code
  • Services-Management Services8741
Product category
Industry Trade Association — Sugar and Bio-energy
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Membership fees from sugar mills
TypeSubscription Recurring
Description

ISMA operates as an industry association funded through membership fees from private sugar mills across India. Revenue supports industry advocacy, policy development, and member services.

ismaindia.org
Marketing channels6 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components4 values
Personnel, Operations, Marketing or Sales, Others
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

ISMA is a private industry trade association that represents private sugar mills in India through policy advocacy, industry coordination with state associations and the central government, and promotion of the bio-energy sector (ethanol, sustainable aviation fuel, green hydrogen, compressed biogas). It also publishes the ISMA Times journal offering strategic analysis for sugar and bio-energy industry leaders.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

ISMA (Indian Sugar & Bio-energy Manufacturers Association) is a trade association representing private sugar mills in India. Rather than offering a product platform, ISMA advocates for industry interests, facilitates policy development with government bodies, and supports the development of sugarcane farmers. The association's scope spans five industry sectors: Sugar (the core sector, India's second-largest agro-processing industry), Bio-ethanol, Sustainable Aviation Fuel, Green Hydrogen, and Compressed Biogas. Additionally, ISMA publishes ISMA Times, an industry journal providing strategic analysis and insights for sector professionals.

Product and service3 records
1Industry Advocacy and Policy Representation for Private Sugar Mills
CategoryIndustry Advocacy
2ISMA Times Journal
CategoryPublication
3Centre of Excellence for Sugarcane Breeding (ICAR-SBI, Coimbatore)
Scale indicator3 records

Each record includes

Type, Value, Description, Source

Partnership3 partners
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-07-31
Description

NFCSF and ISMA have announced a joint funding plan to establish a Rs 90 crore centre of excellence at the ICAR-Sugarcane Breeding Institute in Coimbatore. Both organizations contribute equally along with the Union government to develop higher-yielding and more resilient sugarcane varieties, improve ratoonability and input-use efficiency, and develop varieties for ethanol, bio-CNG and bio-energy applications.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-07-31
Description

ICAR-Sugarcane Breeding Institute in Coimbatore hosts the joint Rs 90 crore centre of excellence funded by NFCSF and ISMA with equal contributions from industry and Union government. The centre focuses on sugarcane variety development for higher yields, better ratoonability, and applications in ethanol, bio-CNG and bio-energy.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-07-31
Description

Union government co-funds the Rs 90 crore centre of excellence along with industry contributions from NFCSF and ISMA. The government also imposes stock limits and export bans on sugar, working with ISMA on policy matters including Essential Commodities Act and Sugar Control Order regulations.

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
1Bioenergy Association of India
TypeEmerging player
Description

Trade body representing India's bioenergy sector. Comparable in bioenergy policy advocacy mandate, which intersects with ISMA's expanded bio-energy remit under its 2024 rebrand.

TypeBroad incumbent
Description

Large apex industry chamber covering Indian industry at large. Comparable in policy-advocacy and member-service model, though broader in scope than ISMA's sugar/bio-energy focus.

TypeBroad incumbent
Description

Apex trade-promotion body representing Indian exporters. Comparable operating model to ISMA — member-funded, government-facing, focused on policy, market access, and industry representation.

TypeOthers
Description

Government agricultural research body that hosts the joint ISMA-NFCSF Centre of Excellence. Adjacent ecosystem participant enabling ISMA's R&D and sugarcane breeding agenda rather than a competitor.

TypeDirect peer
Description

Indian trade body for the oilseed extraction industry. Directly comparable in structure and function: membership-funded, policy advocacy on Essential Commodities Act, member services, and commodity-specific journal/communications.

6Indian Sugar Industry Development Corporation
TypeDirect peer
Description

Sector-level entity working on sugar industry modernization and development in India; closely comparable advocacy and member-services mandate to ISMA's sugar mandate.

TypeDirect peer
Description

Represents cooperative sugar factories in India — directly analogous to ISMA's role for private mills. Both bodies co-fund the Rs 90 crore Centre of Excellence and engage with the central government on sugar policy.

TypeDirect peer
Description

Export-focused commodity trade body in India. Compares to ISMA on member representation, government liaison, and dissemination of policy and market intelligence.

TypeEmerging player
Description

Global sugar-sector research and scientific-information body. Comparable to ISMA on the research/knowledge dissemination axis (e.g., ISMA Times, CoE-backed R&D) though internationally scoped.

TypeBroad incumbent
Description

Intergovernmental body for the global sugar sector. While geographically broader and intergovernmental rather than national, it shares ISMA's core mission of market monitoring, policy advocacy, and data publication.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Indian Sugar Mills Association

Industry Trade Association — Sugar and Bio-energyindiansugar.com

ISMA is a New Delhi-based, private non-profit trade association founded in 1932 that advocates for India's private sugar mills on government policy, coordinates with state associations, and supports bio-energy expansion including ethanol, SAF, green hydrogen, and compressed biogas.

What Indian Sugar Mills Association does

The Indian Sugar Mills Association (ISMA), legally the Indian Sugar & Bio-energy Manufacturers Association since a 2024 rebrand, is a private, non-profit industry association founded in 1932 and headquartered in New Delhi, India. It represents private sugar mills operating across India and advocates with the central and state governments on policies including the Essential Commodities Act, 1955 and the Sugar (Control) Order, 2025. Its mandate spans five sectors: sugar (India's second-largest agro-processing industry), bio-ethanol, sustainable aviation fuel, green hydrogen, and compressed biogas, with a stated commitment to sugarcane farmer welfare.

ISMA's revenue model is membership-fee based, funded by private sugar mills across India at recurring/annual intervals, with fees likely negotiated by mill size and capacity. Go-to-market is sales-led and relationship-driven: ISMA coordinates directly with member mills via state sugar associations rather than marketing to end consumers. The organization operates with a small staff of 11–50 employees and supports its advocacy work through publications (ISMA Times journal), email communications, and an active social media presence across LinkedIn, X, YouTube, and Instagram. Member services include regulatory compliance support, policy advocacy, crushing-season analysis, and bio-energy industry development.

In July 2026, ISMA jointly committed Rs 90 crore with the National Federation of Cooperative Sugar Factories (NFCSF) and the Union government to establish a Centre of Excellence at the ICAR-Sugarcane Breeding Institute in Coimbatore for developing higher-yielding sugarcane varieties suitable for ethanol, bio-CNG, and bio-energy applications. India's annual domestic sugar consumption requirement stands at 28.1–28.5 million tonnes, and the average crushing season has declined to ~100 days, creating structural challenges for member mills that ISMA addresses through policy engagement.

Indian Sugar Mills Association firmographics

Firmographics
Name
Indian Sugar Mills Association
Legal name
Indian Sugar & Bio-energy Manufacturers Association
Website
https://indiansugar.com
Company type
Private
Founded year
1932
Operating status
Operating
Headcount range
11–50 employees
Short description
ISMA is a New Delhi-based, private non-profit trade association founded in 1932 that advocates for India's private sugar mills on government policy, coordinates with state associations, and supports bio-energy expansion including ethanol, SAF, green hydrogen, and compressed biogas.
Ownership category
akta.pro rank

Indian Sugar Mills Association industry classification

Industry
Product category
Industry Trade Association — Sugar and Bio-energy
NAICS
Business Associations (813910), Sugar Manufacturing (31131), Sugarcane Farming (11193)
SIC
Services-Management Services (8741)
akta.pro primary industry
Grain & Sugar-Based Ethanol Production (EUAAAHAA)
akta.pro secondary industry
Sugar & Sweeteners Trading/Wholesale (AFAIAKAB)

Keywords

  • Sugar industry advocacy
  • Bio-energy manufacturing
  • Industry trade association
  • Sugarcane breeding research
  • Policy advocacy

Where Indian Sugar Mills Association is headquartered

Location

Headquarters

HQ city
New Delhi
HQ country
India
HQ region
Asia

Offices1 record

Markets served

Indian Sugar Mills Association business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Marketing or Sales, Others

Revenue model

  1. Membership fees from sugar mills: ISMA operates as an industry association funded through membership fees from private sugar mills across India. Revenue supports industry advocacy, policy development, and member services.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Indian Sugar Mills Association product offering

Product offering

Core offering

ISMA is a private industry trade association that represents private sugar mills in India through policy advocacy, industry coordination with state associations and the central government, and promotion of the bio-energy sector (ethanol, sustainable aviation fuel, green hydrogen, compressed biogas). It also publishes the ISMA Times journal offering strategic analysis for sugar and bio-energy industry leaders.

Product overview

ISMA (Indian Sugar & Bio-energy Manufacturers Association) is a trade association representing private sugar mills in India. Rather than offering a product platform, ISMA advocates for industry interests, facilitates policy development with government bodies, and supports the development of sugarcane farmers. The association's scope spans five industry sectors: Sugar (the core sector, India's second-largest agro-processing industry), Bio-ethanol, Sustainable Aviation Fuel, Green Hydrogen, and Compressed Biogas. Additionally, ISMA publishes ISMA Times, an industry journal providing strategic analysis and insights for sector professionals.

Differentiator

Problem solved

Functional benefit

Products and services

  • Industry Advocacy and Policy Representation for Private Sugar Mills
  • ISMA Times Journal
  • Centre of Excellence for Sugarcane Breeding (ICAR-SBI, Coimbatore)

Companies that use Indian Sugar Mills Association

Customer profile

Segments3 records

Ideal customer profiles1 record

Indian Sugar Mills Association technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Indian Sugar Mills Association partnerships and signals

Strategic signal

Partnerships

Three partnerships are on record, tiered core.

  • National Federation of Cooperative Sugar Factories (NFCSF)coreStrategic or Co-development Partner · 31 July 2026NFCSF and ISMA have announced a joint funding plan to establish a Rs 90 crore centre of excellence at the ICAR-Sugarcane Breeding Institute in Coimbatore. Both organizations contribute equally along with the Union government to develop higher-yielding and more resilient sugarcane varieties, improve ratoonability and input-use efficiency, and develop varieties for ethanol, bio-CNG and bio-energy applications.
  • Indian Council of Agricultural Research - Sugarcane Breeding Institute (ICAR-SBI)coreStrategic or Co-development Partner · 31 July 2026ICAR-Sugarcane Breeding Institute in Coimbatore hosts the joint Rs 90 crore centre of excellence funded by NFCSF and ISMA with equal contributions from industry and Union government. The centre focuses on sugarcane variety development for higher yields, better ratoonability, and applications in ethanol, bio-CNG and bio-energy.
  • Government of India (Ministry of Food and Consumer Affairs)coreStrategic or Co-development Partner · 31 July 2026Union government co-funds the Rs 90 crore centre of excellence along with industry contributions from NFCSF and ISMA. The government also imposes stock limits and export bans on sugar, working with ISMA on policy matters including Essential Commodities Act and Sugar Control Order regulations.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Indian Sugar Mills Association competitors and assessment

Company assessment

Emerging players

  • Bioenergy Association of India: Trade body representing India's bioenergy sector. Comparable in bioenergy policy advocacy mandate, which intersects with ISMA's expanded bio-energy remit under its 2024 rebrand.
  • World Sugar Research Organisation: Global sugar-sector research and scientific-information body. Comparable to ISMA on the research/knowledge dissemination axis (e.g., ISMA Times, CoE-backed R&D) though internationally scoped.

Broad incumbents

  • Confederation of Indian Industry (CII): Large apex industry chamber covering Indian industry at large. Comparable in policy-advocacy and member-service model, though broader in scope than ISMA's sugar/bio-energy focus.
  • Federation of Indian Export Organisations (FIEO): Apex trade-promotion body representing Indian exporters. Comparable operating model to ISMA — member-funded, government-facing, focused on policy, market access, and industry representation.
  • International Sugar Organization (ISO): Intergovernmental body for the global sugar sector. While geographically broader and intergovernmental rather than national, it shares ISMA's core mission of market monitoring, policy advocacy, and data publication.

Others

  • Indian Council of Agricultural Research (ICAR): Government agricultural research body that hosts the joint ISMA-NFCSF Centre of Excellence. Adjacent ecosystem participant enabling ISMA's R&D and sugarcane breeding agenda rather than a competitor.

Direct peers

  • Solvent Extractors' Association of India: Indian trade body for the oilseed extraction industry. Directly comparable in structure and function: membership-funded, policy advocacy on Essential Commodities Act, member services, and commodity-specific journal/communications.
  • Indian Sugar Industry Development Corporation: Sector-level entity working on sugar industry modernization and development in India; closely comparable advocacy and member-services mandate to ISMA's sugar mandate.
  • National Federation of Cooperative Sugar Factories (NFCSF): Represents cooperative sugar factories in India — directly analogous to ISMA's role for private mills. Both bodies co-fund the Rs 90 crore Centre of Excellence and engage with the central government on sugar policy.
  • Indian Oilseed & Produce Export Promotion Council: Export-focused commodity trade body in India. Compares to ISMA on member representation, government liaison, and dissemination of policy and market intelligence.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

Indian Sugar Mills Association social profiles

Digital presence

Indian Sugar Mills Association financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Indian Sugar Mills Association leadership team

Management profile

Number of profiles

Indian Sugar Mills Association funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Indian Sugar Mills Association M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Indian Sugar Mills Association

What does Indian Sugar Mills Association do?

ISMA is a private industry trade association that represents private sugar mills in India through policy advocacy, industry coordination with state associations and the central government, and promotion of the bio-energy sector (ethanol, sustainable aviation fuel, green hydrogen, compressed biogas). It also publishes the ISMA Times journal offering strategic analysis for sugar and bio-energy industry leaders.

Is Indian Sugar Mills Association a public or private company?

Indian Sugar Mills Association is a private company. It is classified as nonprofit foundation owned and is currently operating.

When was Indian Sugar Mills Association founded?

Indian Sugar Mills Association was founded in 1932. It employs 11 to 50 people.

Where is Indian Sugar Mills Association based?

Indian Sugar Mills Association is headquartered in New Delhi, India, in the Asia region.

How does Indian Sugar Mills Association make money?

One revenue line is on record: membership fees from sugar mills.

Who are Indian Sugar Mills Association's main competitors?

Emerging players on record are Bioenergy Association of India and World Sugar Research Organisation. Broad incumbents are Confederation of Indian Industry (CII), Federation of Indian Export Organisations (FIEO) and International Sugar Organization (ISO). Indian Council of Agricultural Research (ICAR) is listed as an others. Direct peers are Solvent Extractors' Association of India, Indian Sugar Industry Development Corporation, National Federation of Cooperative Sugar Factories (NFCSF) and Indian Oilseed & Produce Export Promotion Council.

Does Indian Sugar Mills Association have an API?

No public API is recorded for Indian Sugar Mills Association.

What industry is Indian Sugar Mills Association in?

Indian Sugar Mills Association's product category is Industry Trade Association — Sugar and Bio-energy. Its primary akta.pro industry code is EUAAAHAA, Grain & Sugar-Based Ethanol Production, with a secondary code of AFAIAKAB, Sugar & Sweeteners Trading/Wholesale. Its NAICS code is 813910 and its SIC code is 8741.

Unlock the full company data

50 free credits on sign-up, no credit card required.

Contact sales
Live signals
The Times of India'Ethanol diversion not behind sugar price rise': ISMA DG Deepak Ballani dispels doubtsDeepak Ballani, Director General of the Indian Sugar Mills Association, attributed recent sugar price increases to speculative and panic buying rather than physical shortages, saying the country has sufficient stock. He said the season will close with nearly 35 lakh tons of sugar and dismissed the perception of tightness as unfounded.CNBCIndia sugar rally driven by speculation, not supply shortage, official saysNiraj Shirgaokar, president of India's Sugar Mills Association, said on Monday that sugar stocks are sufficient for festival demand and that a record price rise of more than 40% in two months stems from speculative buying, not a supply shortfall. New Delhi has allowed duty-free imports of 1 million metric tons of raw sugar for the first time in nearly a decade.Zee BusinessNo Sugar Shortage in India: Industry body ISMA says 35 lakh tonnes stock bufferThe Indian Sugar Mills Association (ISMA) confirmed that India has no sugar shortage, citing a projected closing stock of 35 lakh tonnes for the 2025-26 season despite recent retail price increases. ISMA attributed the price rise to weather-related production dips and speculative hoarding by bulk buyers rather than ethanol diversion or global supply tightness. Meanwhile, the government is considering imposing a maximum price cap and deploying teams to monitor stocks to curb profiteering.FirstpostIndia has no sugar shortage, prices likely to cool in days: ISMAThe Indian Sugar Mills Association said on Monday that India has no sugar shortage and prices should ease as stocks, imports and fresh supplies from the new crushing season improve availability. ISMA President Niraj Shirgaokar attributed the recent price surge to speculative stocking and weather-related production setbacks. Retail prices rose from Rs 48.18 to Rs 55.70 per kg between July 20 and August 20, with some markets reaching Rs 60-80 per kg.Business News TodayIndia has no sugar shortage; prices likely to come down, says ISMAThe Indian Sugar Mills Association and the National Federation of Cooperative Sugar Factories stated that India has no sugar shortage, attributing recent price surges to speculation and weather-related production issues. The government previously allowed duty-free raw sugar imports to stabilize markets, while industry bodies maintain that domestic supplies are adequate to meet demand.The HinduNo shortage of sugar in India, retail prices to come down: industry body ISMAThe Indian Sugar Mills Association (ISMA) stated that there is no sugar shortage in India and retail prices are expected to decline, attributing recent hikes to speculative buying and weather-related production drops. ISMA President Niraj Shirgaokar noted that prices have begun to ease following the government's approval of duty-free imports for 1 million tonnes of raw sugar. The association projected closing stocks of 35 lakh tonnes by September end and estimated October production at 10-12 lakh tonnes against a demand of 24-25 lakh tonnes.Deccan ChronicleNo Sugar Shortage In India, Retail Prices Likely To Ease: ISMAThe Indian Sugar Mills Association (ISMA) stated that there is no sugar shortage in India and retail prices are expected to ease, attributing recent price hikes to speculative buying and adverse weather rather than artificial scarcity. The government has permitted duty-free imports of 1 million tonnes of raw sugar and tightened stockholding norms for bulk consumers to curb hoarding ahead of the festive season.Deccan HeraldNo shortage of sugar in India, retail prices to come down: Industry body ISMAThe Indian Sugar Mills Association (ISMA) stated that there is no shortage of sugar in India and predicted a decline in retail prices. ISMA President Anil Gupta indicated that mills are expected to commence operations around October 15, with production projected at 10-12 lakh tonnes for the month.ET NOWSugar prices up 20% in a month: ISMA rejects shortage fears, says ethanol not responsible; govt imposes stock limits, approves importsThe Indian government has imposed stock limits on bulk sugar consumers and approved the import of 10 lakh tonnes to curb a 20% monthly price surge, while production is projected to fall by 11%. The Indian Sugar Mills Association (ISMA) rejected shortage fears, attributing the price spike to hoarding and speculation rather than the ethanol blending program. ISMA anticipates that these regulatory measures and accelerated crushing operations will lead to softer prices in the coming days.The Times of India'No sugar shortage': ISMA says India has enough stocks, expects prices to cool down soonThe Indian Sugar Mills Association (ISMA) and the National Federation of Cooperative Sugar Factories (NFCSF) stated that India has sufficient sugar stocks to meet demand, attributing recent price hikes to speculative stocking and weather-related production drops. This follows the government's decision to permit duty-free imports of up to 1 million tonnes of raw sugar after domestic retail prices rose 24% in a month. Industry leaders expect prices to cool down soon, with some imported consignments from Brazil potentially arriving before mid-October.