Increase in ethanol price is positive for sugar companies but may impact liquor firms
Updated : September 14, 2018 03:31 PM IST
Increase in ethanol production would lead to around 0.7-0.8 million tonnes of less sugar production in the coming 2018-19 season, which starts from December 2018.
The ethanol price hike will help sugar mills, saddled with massive mounds of the sweetener, divert cane juice for ethanol production.
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