India May Devote More Sugar to Ethanol in Blow to Export Hopes
- Nation may allow 800,000 tons more sugar for use in biofuel
- Sugar output expected to be higher than forecast in 2023-24
A sugarcane harvest in Meerut, India.
Photographer: Prakash Singh/BloombergThis article is for subscribers only.
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India may allow sugar mills to use more of the sweetener to make ethanol, in a move likely to reduce the odds of easing export curbs any time soon, according to a person familiar with the matter.