ISMA estimates that the diversion of cane juice and B-molasses to ethanol shall cut sugar production by about 4.5 mt during the next marketing year.
Indian state fuel retailers have agreed to provide monetary relief to sugar mills and other producers of ethanol to compensate for high energy costs to boost biofuel production, according to a letter.
With favourable mix of ethanol towards B-heavy/juice (feedstock) coupled with higher sugar realisations; operating margins are expected at 12.7%-13.7% in FY22-FY23 (slightly higher than FY21 levels).
Magadh Sugar & Energy, Rana Sugar, Uttam Sugar Mills, KM Sugar, Andhra Sugar, Mawana Sugar and Shree Renuka Sugar surged 10 per cent to 15 per cent on the BSE.
Britain said it will phase out the import of Russian oil and oil products by 2022
According to officials, India has managed to blend almost 9.34 per cent ethanol with petrol in the first quarter of the 2021-22 supply year, which started in December
India's state-run fuel retailers are increasing their ethanol storage capacity by 51% as the nation targets to double the biofuel's blending with gasoline to 20% by 2025
Blending crossed 8.93% on Feb 16; trade sources say to achieve the 10% mark, 4.37 bn litres of ethanol are required of which 4.20 bn litres have already been offered via tenders and finalised by OMC
The ambitious policy to promote ethanol-blended petrol is politically popular but will be bad for India's food and water security
Move to curb ethanol's over-dependence on sugarcane, say OMCs
The world's sugar supply balance is expected to deteriorate in the 2021/22 season that started in October due to higher use of sugarcane to ethanol production in India
Gadkari said farmers should turn to ethanol production instead of growing conventional crops, as this will improve profitability and provide green fuel to the country
Former Union agriculture minister Sharad Pawar on Tuesday asked sugar mills to diversify into other products like ethanol and CNG to deal with surplus production of sweetener
Reimburses Rs 17,409 cr to Cotton Corp; cotton procurement may not be needed, says secy
Less than 15% of total ethanol supply in the market is currently from grain-based distilleries
Government argues that a new ethanol goal will help save billions of rupees by cutting crude imports, reduce carbon emissions and boost farmers' incomes.
The government on Friday said it will allocate a quantity of sugar that is sacrificed for ethanol production for monthly domestic sale along with the regular quota from this month onwards
Food Secretary Sudhanshu Pandey said the government is encouraging ethanol production not only from molasses but also from foodgrains like maize and rice to achieve the blending targets
It is likely to decline as more sugarcane will be diverted for ethanol making, a senior government official said on Monday.
The government will fast-track an ethanol program that will divert as much as 6 million tons of sugar toward fuel production annually by 2025, according to the food ministry