Why the Indian market is so sweet for sugar?
>Why are indian sugar stocks flying high – This is the main question most of the indian investors have in mind now after they see the sugar stocks flying high daily , there are several reasons for that like @Like crude oil, sugar has gone up. why oil and sugar is linked here because in brazil most of their sugar canes are converted to ethanol as ethanol is used as other source of fuel instead of gasoline and ethanol is cheaper than gasoline , so the sugar price has almost doubled in brazil.so sugar is viewed as a petro commodity also now so its in line to be considered as afuel source @Brazil, home to the world’s largest ethanol industry, forecasts record production of 16.6 billion liters in the 12 months ending September. About 80% of output, or 13.4 billion liters, will be used in Brazilian cars.All Brazilian gasoline is, by law, 25% ethanol, and most new cars sold in the country can run on any mixture of gas or ethanol. @ Drought in thailand the second biggest exporter of sugar @ an
