India, Aug. 26 -- The Government of India has issued a release:
MYTH
FACT
Ethanol diversion caused the sugar price rise.
Sugar diverted to ethanol production fell from 12% in 2022-23 to around 9% in 2025-26.
Ethanol is taking away sugar from consumers.
Nearly three-fourths of India's ethanol now comes from grains, particularly maize.
India is facing a sugar shortage.
Adequate stocks are available to meet domestic demand until the new crushing season begins.
Global sugar prices have remained stable.
International prices rose from $474 to $552 per tonne, increasing over 16% in less than two months.
India's sugar production has collapsed.
Current production is estimated at 306 LMT, below the initial estimate of 343 LMT.
Sugar pric...