ARTICLE 4 #AgriNews

Sugar prices saw a slight uptick on Monday as market sentiment strengthened amid reports that the Indian government may soon raise ethanol procurement prices. Traders noted that even a modest increase in ethanol prices could encourage sugar mills to divert more cane juice and molasses toward ethanol production, potentially tightening sugar supply in the market.

Karnataka Chief Minister has announced that a meeting will soon be held with distillery operators across the state to direct them to begin immediate procurement of maize for ethanol production.