{"id":381522,"date":"2020-10-31T12:06:58","date_gmt":"2020-10-31T06:36:58","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=381522"},"modified":"2020-10-31T13:22:40","modified_gmt":"2020-10-31T07:52:40","slug":"hike-in-ethanol-prices-will-be-positive-for-sugar-industry-icra","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/hike-in-ethanol-prices-will-be-positive-for-sugar-industry-icra\/","title":{"rendered":"Hike in ethanol prices will be positive for sugar industry: Icra"},"content":{"rendered":"<p>The recent hike in the ethanol prices will be positive for the sugar industry in the light of prevailing sugar surplus situation in the country, according to a report.<\/p>\n<p>The Cabinet Committee on Economic Affairs (CCEA) has recently increased the basic price of ethanol produced from C-heavy, B-heavy molasses and sugarcane juice by Rs 1.94 per litre, Rs 3.34 per litre and Rs 3.17 per litre, respectively, for the ethanol supply year starting December 2020. <\/p>\n<p>\u201cWith ethanol contributing nearly 10-15 per cent of the sugar mills\u2019 turnover for integrated sugar mills, remunerative ethanol prices are expected to encourage sugar mills to enhance the supply of ethanol for blending, thereby supporting their revenues, profitability and improving their ability to pay sugarcane farmers,\u201d Icra Ratings Senior Vice President and Group Head Sabyasachi Majumdar said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The recent hike in the ethanol prices will be positive for the sugar industry in the light of prevailing sugar surplus situation in the country, according to a report. The Cabinet Committee on Economic Affairs (CCEA) has recently increased the basic price of ethanol produced from C-heavy, B-heavy molasses and sugarcane juice by Rs 1.94 per litre, Rs 3.34 per litre and Rs 3.17 per litre, respectively, for the ethanol supply year starting December 2020. \u201cWith ethanol contributing nearly 10-15 per cent of the sugar mills\u2019 turnover for integrated sugar mills, remunerative ethanol prices are expected to encourage sugar mills [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-381522","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/381522","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=381522"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/381522\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=381522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=381522"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=381522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}