Governments decision of Wednesday to raise prices of ethanol produced from only C-Heavy Molasses (CHM) suggests a potential reshaping of India's ethanol industry says a report by Systematix Institutional Equities.
On Thursday, the food department lifted the previously imposed restriction on ethanol production from sugarcane juice, sugar syrup, B-Heavy molasses, and C-Heavy molasses. These restrictions were imposed in December 2023, purportedly given rising sugar prices before the Lok Sabha election. E
To check alcohol abuse, under the new sugarcane molasses policy, every sugar mill will have to reserve at least 20 percent of the total molasses production in terms of C- heavy molasses, an official statement said here on Saturday.
New Delhi [India], June 27 (ANI): The Cabinet Committee on Economic Affairs (CCEA) on Wednesday has approved to increase the ex-mill price of ethanol used in Public Sector Oil Marketing Companies (OMCs) to Rs 43.70 per litre. The ethanol derived out of C Heavy molasses now cost Rs, 40.85 per