India's sugar stocks slid in early trade after the government told oil marketing companies to set the quota for sugar used in ethanol production to zero for the 2026/27 supply year. The latest ethanol tender excludes feedstocks from cane juice, syrup and B‑grade molasses, cutting off a key higher‑margin sales channel for mills.

2026-10-19

India's sugar stocks slid in early trade after the government told oil marketing companies to set the quota for sugar used in ethanol production to zero for the 2026/27 supply year. The latest ethanol tender excludes feedstocks from cane juice, syrup and B‑grade molasses, cutting off a key higher‑margin sales channel for mills.