Did ethanol cause the recent sugar-price surge?
By The Hindu
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Sugar prices have surged sharply in India ahead of the festive season, raising questions over whether the country's ethanol push is partly to blame. While the government has rejected claims that ethanol diversion caused the recent spike, lower sugar production, weather-related crop damage, tightening global supplies, festive demand and speculation have all contributed to the price rise. So, did India's ethanol-blending programme really make sugar more expensive? Or is the answer more complicated? #SugarPrices #Ethanol #ClimateEconomy Watch the full video: https://youtu.be/7PBT4LuHiPM
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