MUMBAI: India’s ethanol program will cap future sugar exports India, the world’s second-largest sugar producer and a major exporter in recent years, will likely have a smaller role in the sugar export market going forward as its government-led ethanol program continues to expand, a report said on Monday.
According to the report Asia Biofuel Outlook, produced by research firm BMI, a unit of Fitch Solutions, India’s pursuit of increased ethanol blending in gasoline, as a way to cut the oil products’ import bill and reduce carbon emissions, will continue to support global sugar prices.
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