Sugar price hike ₹46 to ₹56 in one month

Описание: Sugar prices jumped from ₹48 to ₹56 in just one month & there are two very different stories about why.

Some say ethanol diversion is draining sugar supply, as more sugarcane goes into ethanol production. But the government calls this claim “incorrect,” even “baseless,” pointing to data showing ethanol’s sugar diversion actually dropped from 12% to 9%, with most ethanol now coming from grains like maize.

Their explanation: lower production, festive demand, weather damage to crops & tight global supply… prompting duty-free imports of 10 lakh tonnes of raw sugar.

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