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Sugaronline South Asia Sugar & Ethanol Report, Sugaronline Regional Reports

Sugaronline South Asia Sugar & Ethanol Report – 19th March 2026

By Ritesh Kumar Singh

19th March 2026

Lower-than-expected output and higher crude oil prices improves ethanol economics and further disincentivises sugar exports unless global sugar prices rise meaningfully.

Two recent developments are expected to significantly influence the supply-demand dynamics of India’s sugar and ethanol industry. First, rising tensions around the Strait of Hormuz have pushed up crude oil prices, strengthening the case for increased ethanol blending with petrol, both as a cleaner fuel and as a way to moderate retail fuel costs. Second,

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