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Company insights, generated from the most recent coverage.
Shares dropped 7% on the export ban extension to Sept 30, 2026, as the loss of export realisations leaves FY27 margins dependent on domestic price support and ethanol offtake.
Improving sugar recovery rates (11.09% vs 9.54% YoY) enhance operational leverage, allowing better margin retention during price fluctuations compared to peers with stagnant efficiency.
Ability to divert cane to syrup and B-heavy/C-heavy ethanol provides operational flexibility to shift production based on relative economics, reducing industry cyclicality.