At a recent meeting of the Committee on Agriculture of the World Trade Organization (WTO), questions were raised on the reported US$626-million interest subvention grant to help India use its sugar for ethanol production, and a decision to approve sugar export subsidies worth US$475.8 million for the marketing year 2020-21 to export 6 million tonnes of sugar.
India’s state-run oil refiners are prioritizing building first generation (1G) ethanol plants rather than build second generation (2G) cellulosic ethanol plants, as they are more cost-effective, according to local press reports citing officials from oil marketing companies.
In a bid to strengthen product portfolio in the health and wellness segment to address demands of increasingly health-conscious and discerning consumers, the sugar producer EID Parry has launched the new Parry’s SweetCare, a new glycemic index (GI) sugar that contributes to lower blood sugar levels compared to white sugar.
Indian Oil Corporation (IOC) is planning to invest ₹12 billion (US$163 million) for new ethanol production plants in the states of Telangana and Andhra Pradesh, according to a top IOC official.
India plans to achieve 20% ethanol-blending with gasoline by 2025, five years ahead of its previous target. India’s Oil and Gas Minister Dharmendra Pradhan said on 24th January this was to help reduce its dependence on costly oil imports.
Lack of shipping containers has put brakes to sugar exports from India, said exporters, according to local press reports.
K P R Mill has decided to establish a new sugar plus ethanol plant in Karnataka, investing INR5 billion (US$68.4 million).
India – Soft loans of US$622 million extended to grain-based distilleries to drive ethanol production expansion [Full subscriber]
In an effort to speed up expansion in ethanol production by 10 billion litres, the government on 31st December approved interest subvention of INR45.73 billion (US$622 million) by extending the soft loan programme to include grain-based distilleries.
On December 16, 2020, the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi approved its marketing year (MY) 2020/21 sugar subsidy, totalling INR 35 billion (US$475.8 million) to export six million tonnes under its Maximum Admissible Export Quota (MAEQ) program that facilitates sugar exports and subsidizes any related additional production costs.
EID Parry India Ltd., one of the largest makers of sugar, has decided to close its sugar factory in Tamil Nadu’s Pudukottai district, saying in late December ’20 it didn’t see a future for the business because of poor sugarcane supply.