News International Sugar Journal

India – Hike in ethanol price to USȼ64/litre expected to expand production [Full subscriber]

The Indian government has decided to increase the ex-mill price of ethanol derived out of the C-molasses, by almost INR3 per litre to INR43.70 (USȼ64) per litre for the next contract period starting from December 1, 2018 in a bid to cut India’s oil import dependence as well as support the sugarcane industry, Finance Minister Piyush Goyal told reporters after a meeting of the Union Cabinet headed by Prime Minister Narendra Modi on 27th June.…

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