Macro Finance
India Halts Sugar Diversion to Ethanol After El Nino Hurts Crops
Bloomberg Markets·October 17, 2026·1 min read
India ordered state-owned fuel retailers to stop procuring ethanol made from sugar and key sugarcane-based feedstocks, a move that may help keep a lid on prices of the sweetener. The decision follows an El Nino that hurt crops, reducing sugar supply. The halt aims to balance domestic sugar availability and stabilize market prices.
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