The increase in ethanol production in India due to higher blending rates will reduce local sugar availability and prevent the country from exporting sugar in the 2024/25 season, Singapore-based commodities trader Wilmar said. India is the world’s second-largest sugar producer after Brazil, but the country has been absent from export markets to guarantee local supplies as larger shares of its sucrose output are diverted to produce ethanol instead of sugar. Wilmar projected on Monday that a total of 5 million metric tons of sucrose will be diverted to ethanol production in the 2024/25 season as India targets higher blending rates of ethanol into gasoline to reduce its oil imports. As a result, the Asian trader estimates net sugar production to reach only 27.5 million tons in India, for a total country consumption of 29.5 million tons. The difference will come from stocks, which Wilmar projected to fall 2 million tons to 3.3 million tons at the end of the season.”Sugar diversion to ethanol will lead India to a tight sugar S&D (supply and demand) this season,” the trader said in a note.FinanceAI and Generative AI for FinanceBy – Hariom Tatsat, Vice President- Quantitative Analytics at BarclaysView Program FinanceA2Z Of Finance: Finance Beginner CourseBy – elearnmarkets, Financial Education by StockEdgeView Program FinanceTally Prime & GST Accounting: Complete GuideBy – CA Raj K Agrawal, Chartered AccountantView Program Office ProductivityZero to Hero in Microsoft Excel: Complete Excel guide 2024By – Metla Sudha Sekhar, IT Specialist and DeveloperView Program Data ScienceSQL for Data Science along with Data Analytics and Data VisualizationBy – Metla Sudha Sekhar, IT Specialist and DeveloperView Program Artificial Intelligence(AI)Basics of Generative AI: Unveiling Tomorrow’s InnovationsBy – Metla Sudha Sekhar, IT Specialist and DeveloperView Program AstrologyVastu Shastra CourseBy – Sachenkumar Rai, Vastu ShashtriView Program Office ProductivityMastering Google Sheets: Unleash the Power of Excel and Advance AnalysisBy – Metla Sudha Sekhar, IT Specialist and DeveloperView Program MarketingDigital Marketing Masterclass by Pam MooreBy – Pam Moore, Digital Transformation and Social Media ExpertView Program MarketingDigital marketing – WordPress Website DevelopmentBy – Shraddha Somani, Digital Marketing Trainer, Consultant, Strategiest and Subject Matter expertView Program LeadershipBusiness Storytelling MasterclassBy – Ameen Haque, Founder of StorywallahsView Program MarketingDigital Marketing Masterclass by Neil PatelBy – Neil Patel, Co-Founder and Author at Neil Patel Digital Digital Marketing GuruView Program Web DevelopmentAdvanced C++ Mastery: OOPs and Template TechniquesBy – Metla Sudha Sekhar, IT Specialist and DeveloperView Program Data ScienceSQL Server Bootcamp 2024: Transform from Beginner to ProBy – Metla Sudha Sekhar, IT Specialist and DeveloperView Program Artificial Intelligence(AI)Master in Python Language Quickly Using the ChatGPT Open AIBy – Metla Sudha Sekhar, IT Specialist and DeveloperView Program Web DevelopmentIntermediate C++ Skills: Master Pointers, Structures and File StreamBy – Metla Sudha Sekhar, IT Specialist and DeveloperView Program Data ScienceMySQL for Beginners: Learn Data Science and Analytics SkillsBy – Metla Sudha Sekhar, IT Specialist and DeveloperView Program StrategyESG and Business Sustainability StrategyBy – Vipul Arora, Partner, ESG & Climate Solutions at Sattva Consulting Author I Speaker I Thought LeaderView Program FinanceA2Z Of MoneyBy – elearnmarkets, Financial Education by StockEdgeView Program Web DevelopmentJavaScript Essentials: Unlock AI-Driven Insights with ChatGPTBy – Metla Sudha Sekhar, IT Specialist and DeveloperView Program LeadershipCrafting a Powerful Startup Value PropositionBy – Dr. Anu Khanchandani, Startup Coach with more than 25 years of experienceView Program FinanceFinancial Literacy i.e Lets Crack the Billionaire CodeBy – CA Rahul Gupta, CA with 10+ years of experience and Accounting EducatorView Program Web DevelopmentMastering Full Stack Development: From Frontend to Backend ExcellenceBy – Metla Sudha Sekhar, IT Specialist and DeveloperView Program “In this context, it seems unrealistic to see India exporting sugar in 2024/25, rather there is a real risk of tightness by the end of the season in India (end October 2025), with lower stocks.” Brazil is expected to have a long between-crops period due to the drought this year that will delay crop development for 2025. Without Indian exports, other smaller producers will have to meet export demand in the first quarter of 2025.Nominations for ET MSME Awards are now open. The last day to apply is November 30, 2024. Click here to submit your entry for any one or more of the 22 categories and stand a chance to win a prestigious award.
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