THE ETHANOL SOLUTION
The sugar industry keeps facing the problem of oversupply every few years due to subsidies and assured purchase price
Mills struggle to pay farmers because they have to buy a minimum quantity of sugarcane in their catchment areas even if there is no demand
The target of 10 percent ethanol blending by 2022 is expected to absorb excess supplies and help both farmers and mills. It will also reduce imports of petrol
The industry has been demanding for years that FRP should be linked to sugar prices that move according to demand and supply. This was advocated by the Rangarajan Committee way back in 2012. Reducing FRP, however, could mean a fall in income for farmers, something no government can afford.
Bu hikaye Business Today dergisinin May 30, 2021 sayısından alınmıştır.
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Bu hikaye Business Today dergisinin May 30, 2021 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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