India’s sugar mills face margin squeeze
Indias sugar mills may see decreased operating margins due to factors like rising sugarcane prices and production restrictions. The shift to C-heavy molasses for ethanol is expected to…
Attributed summary
Indias sugar mills may see decreased operating margins due to factors like rising sugarcane prices and production restrictions. The shift to C-heavy molasses for ethanol is expected to affect profitability negatively. While sugar prices are firm, they may not fully offset the losses from reduced ethanol sales. Demand and realisations might support a modest growth in operating income for this fiscal year.
Read the original report — Economic Times
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