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Crisil Ratings expects higher sugar exports and ethanol sales at remunerative prices to lift integrated Indian sugar mill margins by 75-100 bps. The government also advanced its 20% ethanol blending target to 2023.
Stronger Indian ethanol and sugar economics mainly affect sugar and molasses markets, with limited direct effect on feed grain prices.
crisil.comJun 9, 2021Not enough comparable past events yet for a historical read.
After 1,623 past policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.4% to +1.5%), and +0.4% 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.
