there is no doubt that ethanol ban will be lifted after elections or where is the ethanol going to come from for these pumps? prices of sugar will go up… may be 5% to 42 (wholesale price) after elections – enough for the sugar mills to make higher profits than last year.
the biggest challenge now is how to tackle delayed payment to farmers. govt will have to give temporary funds for few months to clear dues to farmers which will be repaid once sugar stocks are sold.
the situation in the industry right now is only temporary and will be back to long term growth cycle after elections.
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