Energy
4.9
El Niño-driven Indian sugar shortfall threatens global supply, energy goals
Published 1 d ago1 sourceEvidence: Reported
SeverityModerateAssessedDeveloping storyNew York TimesLow-rated sourceIN
El Niño-driven drought has damaged India's sugarcane crop, the world's second-largest producer, tightening global sugar supply and raising prices. The shortfall also undermines India's ethanol blending targets, as cane diversion to ethanol competes with food use. Uncertainty remains over the extent of the crop loss and its impact on export policy.
Published 1 d ago1 sourceEvidence: Reported
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