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Indian sugar mills are projected to see operating margins fall by 140–160 basis points to around 6% this fiscal year. Crisil attributes the pressure to reduced ethanol production from sugar-based feedstocks, higher sugarcane procurement costs and increased funding needs, despite firmer sugar prices and projected revenue growth.
Restrictions on ethanol production from sugar-based feedstocks reduce mills’ higher-margin ethanol sales, while rising cane costs add to pressure on their finances. The article does not establish a direct price effect for a listed feed commodity.
devdiscourse.comANINov 9, 2026Not 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.
