Reported about 1 month ago
India has lifted restrictions on the use of sugarcane juice by mills and distilleries for ethanol production, which may prolong export curbs and impact global sugar supply. This move, planned to support a target of incorporating 20% ethanol in fuel blends by 2025, follows a period of export limitations aimed at stabilizing domestic prices. As a result, shares of sugar companies have surged, reflecting market optimism about increased production capabilities.
Source: YAHOO