India Likely Wont Export Sugar For Years As El Nino Ethanol Squeeze Supply
Economic Times
Once as a top sugar exporter, India is now anticipating a three-year stretch of significant export deficits, primarily driven by El Nino's adverse effects on cane cultivation.
As ethanol demand rises, farmers are beginning to reassess their planting strategies, with some considering alternative crops. This shift might mark the first occasion in a decade where India turns to sugar imports, altering both domestic and international markets.
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