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- The Indian Government has given incentives to increase ethanol production.
- This is in an effort to reduce the quantity of sugar produced domestically.
- However, ethanol production is unlikely to drastically reduce sugar production in the near future, despite aiming for a blend rate of 10% and gasoline demand increasing.
- We expect only 700k tonnes of potential sugar to be diverted to ethanol production this season, and only slightly more in 2021.
Indian Sugar Loss to Ethanol
