India Mulls Raising Ethanol and Sugar Prices to Boost Domestic Supply

India is contemplating increasing the domestic prices of ethanol and sugar to boost local supplies. This move follows steps to extend a sugar export ban and elevate prices for ethanol purchases by oil companies, as reported by Reuters.

India is considering raising domestic prices of ethanol and sugar, the food minister said on Thursday, as the country seeks to boost local supplies.

Reuters reported this month that India, the world's biggest sugar producer after Brazil, was planning to extend a sugar export ban and raise the price at which oil companies buy ethanol from sugar mills.

(With inputs from agencies.)