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.
This story is from the December 23, 2024 edition of Financial Express Kochi.
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This story is from the December 23, 2024 edition of Financial Express Kochi.
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