Business After bitter year, sugar industry expects sweet times Updated : December 28, 2018 06:29 AM IST The sugar industry had a bittersweet year in 2018 due to record production, resulting in a glut and subdued prices. Fortunately for sugar makers, the government stepped in with subsidies. The business from ethanol and the high margins it offers are pushing companies are now focused on this sugar byproduct. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.