International prices do not matter as no export / imports can happen.
Neverthess, domestic sugar prices will shoot up next month due to good demand and diversion towards ethanol. all dual fuel mills of sugar companies will switch to cane juice as maize/ rice prices are high.
huge grain based distillery capacity has been added which will keep maize/ rice prices high. Govt may be announcing subsidied rice/ maize… otherwise the industry is going into problem. International maize / corn prices are very low… imports?
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