Despite Market Decline, Sugar Shares Surge Strongly, Fueled by Crude Oil Price Jump

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Sugar Stocks Soar Amid Market Dip as Crude Oil Surge Fuels Ethanol Demand

वेस्ट एशिया संकट से तेल महंगा, एथेनॉल उम्मीदों पर शुगर कंपनियों के शेयर चढ़े. (Image:AI)

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News18•09-03-2026, 19:45

Sugar Stocks Soar Amid Market Dip as Crude Oil Surge Fuels Ethanol Demand

•Sugar sector shares rallied on Monday, providing relief to investors despite a broader market decline.
•A global surge in crude oil prices, driven by West Asia conflict, increased expectations for ethanol demand.
•Major sugar companies like Dwarkesh Sugar, Dalmia Bharat Sugar, and Dhampur Sugar Mills saw 6-10% gains.
•Higher oil prices make blending ethanol with petrol more economical, prompting sugar mills to produce more ethanol.
•India's ethanol blending program is a key growth driver for the sugar sector, benefiting both farmers and mills.

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