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Crisil expects operating margins at Indian sugar mills to fall by 140–160 basis points to about 6% this fiscal year. Restrictions on ethanol production from sugar-based feedstocks, higher sugarcane procurement costs and increased borrowing needs are weighing on profitability, while firm sugar prices provide some support.
Restrictions on ethanol production limit mills’ higher-margin sales and weaken incentives to divert sugar-based feedstocks to fuel. This is chiefly a sugar-sector story; the article does not establish a direct effect on the listed feed commodities.
economictimes.indiatimes.comSutanuka GhosalNov 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.
