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A rating analysis says Indian sugar mills face margin pressure from a near-halt in sugar-based ethanol output, higher cane prices and rising funding costs. Sugar production for SS2027 is expected to fall to about 29 million tonnes from 31.1 million a year earlier.
Lower Indian sugar and ethanol output reduces molasses-based supply and tightens ethanol availability, supporting ethanol prices. The effect on feed commodities is limited.
Not enough comparable past events yet for a historical read.
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.