印度糖业股票在周一早盘下跌，原因是政府指示石油营销公司将2026/27供应年度的糖用于乙醇生产的调配降至零。
Indian sugar stocks fell in early trade on Monday after the government directed oil marketing companies to reduce sugar diversion for ethanol production to zero for the 2026/27 supply year.
最新的乙醇招标排除了由甘蔗汁、糖浆和B型重糖蜜生产的供应，B型重糖蜜是甘蔗压榨过程中富含糖分的副产品。
The latest ethanol tender excludes supplies produced from sugarcane juice, sugar syrup and B-heavy molasses, a sugar-rich by-product of cane crushing.
巴尔拉普尔糖厂（BACH.NS）、EID帕里（EIDP.NS）、特里维尼工程与工业（TREI.NS）、巴杰aj斯坦糖业（BJHN.NS）、斯里雷努卡（SRES.NS)和丹普尔糖业（DAMS.NS）在早盘交易中下跌2%至6%。
Balrampur Chini Mills (BACH.NS), EID Parry (EIDP.NS), Triveni Engineering and Industries (TREI.NS), Bajaj Hindusthan Sugar (BJHN.NS), Shree Renuka (SRES.NS) and Dhampur Sugar (DAMS.NS) fell between 2% and 6% in morning trade.
该决定限制了公司根据市场条件在糖和乙醇之间转移甘蔗和糖蜜的能力，可能削弱利润率并降低乙醇产能投资的回报。
The decision limits companies' ability to shift cane and molasses between sugar and ethanol depending on market conditions, potentially weakening margins and reducing the return on ethanol-capacity investments.
此举旨在增加国内糖的供应量并缓解印度（全球最大糖消费国）创纪录的高价。
The move is aimed at increasing domestic sugar availability and easing record high prices in India, the world's biggest sugar consumer.
糖价在节日期间已上涨超过10%，引发了人们对主要压榨季开始前近期食品价格压力的担忧，莫蒂拉尔奥斯瓦尔金融服务公司财富管理研究部主管Siddhartha Khemka表示。
Sugar prices have risen more than 10% amid the festive season, raising concerns over near-term food price pressures before the main crushing season begins, said Siddhartha Khemka, head of research of wealth management at Motilal Oswal Financial Services.
分析师来自莫蒂拉尔奥斯瓦尔和Choice Broking补充称，该决定反映了政府在关键产区降雨不足可能减产的担忧下，保障粮食供应的优先考虑。
The decision reflects the government's priority of protecting food supplies after concerns that weak rainfall in key producing states could curb output, analysts from Motilal Oswal and Choice Broking added.