# Exports, ethanol boost to sweeten sugar mill margins up to 100 bps

> 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.

- Date: 2021-06-09 · published 2021-06-09T12:00:00.000Z
- Category: policy · region India · magnitude low
- Page: https://feedsoft.ai/events/46553-exports-ethanol-boost-to-sweeten-sugar-mill-margins-up-to-100-bps
- Commodities: [DDGS](https://feedsoft.ai/c/DDGS.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Stronger Indian ethanol and sugar economics mainly affect sugar and molasses markets, with limited direct effect on feed grain prices.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-03-19 | [Energy Markets Erode Ethanol Margins](https://feedsoft.ai/events/54133-energy-markets-erode-ethanol-margins.md) | +1.1% | -1.8% |
| CORN | 2026-09-10 | [American Ethanol Exports: Winning Global Markets for U.S. Biofuels](https://feedsoft.ai/events/17461-american-ethanol-exports-winning-global-markets-for-u-s-biofuels.md) | +3.2% | +1.6% |
| CORN | 2025-04-30 | [Ethanol stocks fall as exports increase  : The Daily Digest](https://feedsoft.ai/events/25107-ethanol-stocks-fall-as-exports-increase-the-daily-digest.md) | -1.7% | +0.6% |
| CORN | 2024-06-05 | [Brazil could triple corn ethanol output, margins to stay healthy: Inpasa](https://feedsoft.ai/events/29741-brazil-could-triple-corn-ethanol-output-margins-to-stay-healthy-inpasa.md) | +5.7% | -3.0% |
| CORN | 2024-09-04 | [Ethanol push turns India into corn importer, shaking up global market](https://feedsoft.ai/events/28323-ethanol-push-turns-india-into-corn-importer-shaking-up-global-market.md) | -1.4% | +4.9% |

## Sources

- crisil.com: https://www.crisil.com/en/home/newsroom/press-releases/2021/06/exports-ethanol-boost-to-sweeten-sugar-mill-margins-up-to-100-bps.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.