Sugar Industry Update – Higher Ethanol Blending, Improving Export Levels – The Two Sweeteners: CARE Ratings
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CARE Ratings Research Report
With tight global demand-supply scenario, favorable policies, exports, and ethanol blending doing their bit in rationalising the inventory levels in India, we believe that the sector is on track with its transformational plan.
With considerable increase in ethanol sales and demand-supply balance evening out, integrated sugar mills are expected to witness sustained increase in their cash flows going ahead.
Running on the highly remunerative global prices, the industry is all set to meet its export target of six million tonne in this sugar season.
Furthermore, with the expected dip in the Brazilian production due to poor cane crop and reduced crushing capacity in that country, the export dynamics are expected to prevail over the next sugar season as well.
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