With sugar production expected to be down in the 2023-24 season, the central government has directed all sugar mills not to use sugarcane juice or syrup for making ethanol this year and has allowed the production of ethanol from B-heavy molasses as it is.
The 2023-24 sugar season started in October, while the ethanol supply year (ESY) started in November.
The direction came as negative news for the sugar companies, with their stocks trading lower on Thursday. Investors felt that ethanol Share price in 409.1 531.4 408.6 408.4 345.3 Uttam Sugar Mills EID Parry India Dalmia Bharat Sugar Balrampur Chini Mills Triveni Engineering & Industries Source: Bloomberg, exchange realisations would get impacted as the major feedstock moved to produce more sugar.
Denne historien er fra December 08, 2023-utgaven av Business Standard.
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Denne historien er fra December 08, 2023-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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