Exclusive: India to extend sugar export ban to boost local supplies, ethanol output, sources say
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 06 2024
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Source: Reuters
India's Sugar Export Ban: India plans to extend its ban on sugar exports for a second consecutive year due to anticipated lower cane output, which will further tighten global supplies and potentially increase prices in international markets.
Ethanol Production Focus: The Indian government aims to boost domestic ethanol production by raising procurement prices and allowing sugar mills to use cane juice for ethanol production, as part of efforts to meet a target of 20% ethanol blending in gasoline by 2025-26.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
