Centre may reduce reserve sale price for rice to make ethanol
Financial Express Chennai|December 23, 2024
GIVEN THE HIGH rice stocks, the government is discussing a reduction in the reserve sale prices of broken rice offered to grain-based distilleries for ethanol manufacturing from the central pool held by the Food Corporation of India (FCI).
SANDIP DAS

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.

Bu hikaye Financial Express Chennai dergisinin December 23, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Financial Express Chennai dergisinin December 23, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

FINANCIAL EXPRESS CHENNAI DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Financial Express Chennai

A middle-class meltdown

Economic shift, stagnating real income post Covid weigh on spending on daily items

time-read
3 dak  |
December 25, 2024
Financial Express Chennai

Shyam Benegal cremated with full state honours

VETERAN FILMMAKER SHYAM Benegal, the pioneer of the parallel cinema movement in Indian cinema in the 1970s and 1980s, was cremated on Tuesday with full state honours and a three-gun salute.

time-read
1 min  |
December 25, 2024
Financial Express Chennai

Champions Trophy: India to play Pakistan on Feb 23

INDIA WILL PLAY all their matches of the Champions Trophy in Dubai with the marquee clash against arch-rivals Pakistan scheduled on February 23, the International Cricket Council (ICC) announced on Tuesday.

time-read
1 min  |
December 25, 2024
Financial Express Chennai

Net gains: Secured Virat, cautious Rohit gear up

INDIA GOT a chance to bat in the nets on fresher pitches on Tuesday, their last day of training as Christmas day is a rest day for them.

time-read
1 min  |
December 25, 2024
Financial Express Chennai

Local satellites push draws 30 aspirants

The applicants for IN-SPACe's latest effort in this regard include startups such as Google-backed Pixxel and Baring Private Equity-backed SatSure, as well as larger entities like Tata Group's Tata Advanced Systems.

time-read
1 min  |
December 25, 2024
Financial Express Chennai

Labour-intensive exports: Gains likely to be short-lived

For instance, India's monthly readymade garment exports average at just $1.1 billion compared to China's $13 billion.

time-read
2 dak  |
December 25, 2024
Financial Express Chennai

₹2-cr fine on Deloitte Haskins for Zee audit

In September 2018, the chairman of ZEEL, who is also the promoter of Essel Group of Companies, issued a letter to Yes Bank, and committed ₹200 crore of fixed deposit (FD) of ZEEL as a guarantee for the loans given by the bank to group company Essel Green Mobility.

time-read
1 min  |
December 25, 2024
Financial Express Chennai

Walking into a minefield

Sebi Chairperson Madhabi Puri Buch's tenure has been marked by bold initiatives and controversies, raising questions about the government's approach to regulatory appointments.

time-read
1 min  |
December 25, 2024
Financial Express Chennai

EAM in US to boost bilateral ties

IN WHAT IS expected to be the first high-level contact between the incoming Trump 2.0 administration and the Indian government in its third term, external affairs Minister S Jaishankar is likely to meet the new Trump team in the US.

time-read
1 min  |
December 25, 2024
Financial Express Chennai

Economists for FTAs, land & labour reforms

RCEP was signed by the group of countries in November 2020 except India.

time-read
1 min  |
December 25, 2024