Published On: Friday, July 9, 2021 | By: Team KnowMyStock
Global sugar prices have moved up 50 per cent in the last one year after two consecutive years of lower sugar output in Thailand. Moreover, despite the ongoing Brazilian crushing season, sugar prices have been firm. "With a massive increase in distillery capacities by sugar firms, ethanol sales are likely to double for most of our coverage companies. Ethanol sales would contribute 25-30% to revenues of major sugar companies by FY24," experts said.
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