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the fate of sugar: the indian government recently announced an extension of its sugar export ban, further compressing global sugar supply. this move is an inevitable choice to cope with the decline in india's sugar production, and is also to ensure that domestic demand is met and to provide more sugarcane resources for ethanol-blended fuels to achieve carbon emission targets. however, this not only means an impact on the global market, but also reflects the challenges india faces in climate change and environmental protection.

impact of world market on india: as the world's largest sugar producer and the second largest exporter after brazil, india's sugar products provide a stable source of supply for the world market. however, as the impact of the el nino phenomenon intensifies this year, many south american countries are facing a drought crisis, which will lead to a decline in brazil's sugar production, which will further squeeze the global sugar supply. this tense situation has led to a continuous increase in the world market's demand for indian sugar exports.

ethanol and the future: the indian government plans to increase the proportion of ethanol in gasoline to 20% by 2025-2026, which will promote the use of biofuels and provide new solutions to address climate change and reduce greenhouse gas emissions. at the same time, indian sugar mills are actively increasing ethanol production capacity to meet national ethanol blending fuel targets.

future outlook: with the changes in international trade patterns and the increasing degree of globalization, the world market demand for indian sugar will continue to grow. these measures will further squeeze the global sugar supply and push global sugar prices higher again. the indian government's actions also reflect the close connection between global economic development and environmental protection, bringing new challenges and opportunities to the world.