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The government's recent decision to exclude sugar-based raw materials from its ethanol procurement process marks a strategic shift aimed at boosting domestic sugar availability. By allowing oil marketing companies to source ethanol from grains and C-heavy molasses, the government addresses rising sugar prices linked to adverse weather. This procurement adjustment seeks to maintain the ethanol blending program while balancing local consumption and reducing reliance on oil imports.
FMCG companies face a challenging landscape as they contend with surging costs for essential raw materials like palm oil and sugar. The pressure on operating margins is significant and unlikely to alleviate soon. To maintain goodwill during the festive season, firms are absorbing some of these cost hikes rather than passing them on to consumers.
Scott Bessent has criticized European nations for refusing to impose tariffs on India and China, which purchase Russian oil. He highlighted that the US has approached its allies to coordinate actions against energy purchases from Russia. Bessent emphasized the need for the US to reassess its strategy regarding sanctions and tariffs, especially with respect to energy supplies.
Stock market recommendations: Radico Khaitan, and Bharti Airtel - Motilal Oswal Wealth Management Research Desk has recommended these as the top stocks to buy for the week starting October 19, 2026.