Govt raises ethanol procurement price, but sugar industry says not enough
The decision of the central government to increase the procurement price of ethanol has not gone down well with stakeholders in the sugar industry. Majority of sugar millers feel that the price rise is too low to compensate for the rise in cost of production. Others pointed out that the maximum price rise was for ethanol manufactured from C molasses, which is contrary to the government’s move to wean away millers from producing sugar and concentrate on ethanol.
On Wednesday, the Cabinet Committee of Economic Affairs, chaired by Prime Minister Narendra Modi, approved a hike in ethanol procurement price.
According to a press statement, for the December- November Ethanol Supply Year (ESY) 2022-23,
