Ethanol push puts sugar industry in spotlight, says Sudip Bandyopadhyay
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The sugar sector has recently drawn significant investor attention, fueled by the ongoing ethanol blending story. Experts are optimistic about the prospects of this sensitive yet potentially rewarding industry. Sudip Bandyopadhyay, in an interview with ET Now, emphasised the unique dynamics of the sugarcane market. "First thing, this sugarcane industry and grain, I do not think they are competing. The market is large enough, and the government will definitely ensure that there is a balance. Also, we have to remember that sugarcane is an extremely sensitive commodity and the government keeps monitoring because, on one hand, there are retail prices, on the other hand, there are farmers, and, of course, there is an export angle,a global markets angle. So, they do the balancing act pretty well, and they have to continuously keep doing that, and we have to keep that in min,d number one." He also pointed out the volatility inherent in...