The government is considering a 50% duty on the export of molasses. The idea is to ensure enough supplies to meet the target for cleaner and more efficient ethanol-blended petrol, two officials aware of the matter said on the condition of anonymity.
India is the world's largest molasses exporter, contributing about 25% to global trade. The country doesn't currently levy an export duty on molasses, a by-product of the process of refining sugarcane into sugar, and a key ingredient in the production of ethanol, a biofuel.
The government, though, has been considering the levy to discourage exports to ensure adequate molasses in the country, given the shortage of sugarcane following erratic monsoon rains.
هذه القصة مأخوذة من طبعة December 29, 2023 من Mint Mumbai.
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هذه القصة مأخوذة من طبعة December 29, 2023 من Mint Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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