Triveni Engineering & Industries is planning to invest INR2.1 billion (US$26.6 million) this fiscal year to expand milling capacity and modernise power transmission lines supporting its cogen business, according to local press reports.
India is likely to impose a ceiling on sugar exports for a second straight year starting October 2022, aiming to ensure ample domestic supplies and keep a lid on local prices, according to Reuters, citing industry and government sources.
India – Over US$5 billion saved on foreign exchange from reaching 10% ethanol blend rate [Full subscriber]
India achieved 10% ethanol blending of petrol five months ahead of schedule, PM Narendra Modi said at a rally on 12th June.
India is restricting the sale of sugar on international markets just days after it banned wheat exports.
India consolidates export market for sugar in its relative locality amidst high crude oil prices [Full subscriber]
With high crude oil prices driving up freight rates, India has emerged as a preferred supplier of sugar over Brazil for markets in the Middle East, Eastern Africa and South Asia, reported Hindu Business Online.
India – Sugar mills in Maharashtra bid to supply over one billion litres in 2021/22 marketing year [Full subscriber]
Sugar mills in Maharashtra have filed bids to supply 1.11 billion litres of ethanol to oil marketing companies (OMC) for 2021/22 (December-November), according to local press reports.
India is entertaining the prospect of a negotiated solution with Brazil, Australia and Guatemala following the World Trade Organization’s dispute settlement panel upholding the complaint that subsidies for India’s cane growers and sugar exports were in breach of international trade rules, reported Valor Economico.
India – Millers contract to export of 4.6 million tonnes sugar in 2021/22 without subsidies [Full subscriber]
Sugar mills have signed contracts to export 4.6 million tonnes of sugar in the 2021/22 marketing year without government subsidies, according to the All India Sugar Trade Association (AISTA), reported Reuters.
To date, the government has approved 196 grain-based ethanol projects with 8.59 billion-litre capacity have been approved by Union Food Ministry since January 2021, a government official said, according to local press reports.