Sources told FE that discussions are underway to assess the availability of feedstock—maize and rice—for biofuel production.
Officials acknowledged that the lack of takers for broken rice allocated to ethanol manufacturers stems from the high prices set by the government.
"We are discussing the issue with all stakeholders," said a source, adding that a price reduction is under consideration.
In August, the government lifted a 13-month ban on rice sales to ethanol distilleries, approving the purchase of 2.3 million tonne (MT) from central pool stocks for distilleries at ₹28/kg, excluding transportation costs.
The rice was to be sold via e-auction under the FCI's open market sale scheme (OMSS).
However, there were no takers, as ethanol manufacturers cited a lack of financial viability.
Denne historien er fra December 23, 2024-utgaven av Financial Express Ahmedabad.
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Denne historien er fra December 23, 2024-utgaven av Financial Express Ahmedabad.
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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