it is time to look at fundamentals…
sugar companies were anyway going to use C Heavy route this year as sugar is more profitable… this notification has no impact as sugar shortage will continue. the story has changed from ethanol to sugar… sugar prices will remain above 40 this year and 42 next year.
companies with higher sugar production will do very well. EID Parry, DBOL – they have less than 20% from ethanol.
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