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NDTV Profit

Govt Halts Sugar Diversion For Ethanol In 202627 As Retail Prices Hit Record High

AI Market Summary
India halts sugar-based ethanol for 2026-27, tightening feedstock supply and supporting domestic sugar prices while curbing cane ethanol demand. The 11bn-litre tender shifts to corn and rice feedstocks, with corn incentives cut, pressuring ethanol margins. The move complicates E20 blending targets and crude-import reduction goals, with spillovers to global sugar and ethanol trade flows.
Impact level
● Medium
Affected assets
NCCOGOLD2USD/USDT-0.22%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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India shifts ethanol procurement to corn and rice as weak rainfall threatens sugar output and domestic prices touch record highs.
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