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Indian Sugar Mills Look To Emulate Brazilian Peers In Switch To Ethanol
Indian sugar mills are augmenting their ethanol business to reduce the sugar glut.
27 Aug 2020, 08:12 PM IST
Indian sugar producers are facing a big domestic surplus for the third straight year amid slowing demand. For a way out, they’re emulating their Brazilian peers—by making ethanol.The distillery businesses of Indian sugar mills, according to exchange filings, grew between 11% and 75% over a year earlier in the quarter ended June. Commentary by companies for the first quarter indicate that the trend will sustain.
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