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Trade bodies welcomed the Indian government's decision to bar ethanol production from sugarcane juice, sugar syrup and B-heavy molasses for the 2026-27 supply year starting November 1. The move follows a sharp rise in domestic sugar prices linked to weather damage in Maharashtra and Karnataka and festive demand.
Officials had earlier tried import adjustments and stock limits.
Diverting feedstock from sugar to grain-based ethanol shifts demand toward maize, supporting feed grain prices. Protecting sugar supply also reduces pressure on food prices.
fnbnews.comNov 1, 2026After 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
