Sugar Stocks Fall as Government Halts Sugar-Based Ethanol Diversion
Sugar stocks including Bajaj Hindusthan and Renuka Sugars fell up to 5% following the government's decision to stop diverting sugarcane for ethanol production. The policy change resets ethanol procurement, excluding sugar-based supplies and reducing maize ethanol rates to Rs 68.86. The government barred sugar-based ethanol in the 2026-27 tender to prevent sugar diversion for fuel blending.
The Times of India·



