BusinessPhoto: Hindu BusinessIndia Sugar Stocks Fall as Government Stops Sugarcane Ethanol Diversion
Indian sugar stocks declined on October 19, 2026, after the government ordered oil marketing companies to halt sugarcane-based ethanol diversion for the 2026/27 season. This move comes amid sugar prices at seven-year highs due to production shortfalls in Maharashtra and Karnataka caused by droughts and reduced cane acreage. Shares of major sugar companies fell between 2% and 6%.
Hindu Business··New Delhi


