Government halts sugar diversion to ethanol; stocks fall
India's government has halted the diversion of sugar to ethanol production, and sugar company shares slid as a result. The news was reported by Reuters.
প্রেক্ষাপট
Ethanol is a fuel made partly from sugarcane, and India blends it with petrol to reduce fuel imports. Changes to sugar diversion affect how much sugar is available domestically and the income of sugar mills.
বার্নিং পটেটো স্কোর: 27%