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He was responding to questions on whether or not the federal government plans to renew the sale of subsidised rice for ethanol within the close to future amid stories of doubtless fall in sugar manufacturing within the 2024-25 season (October-September).
The rice sale for ethanol makers was discontinued for varied causes, together with apprehensions about home output and excessive retail costs, and financial unviability, he mentioned.
On the impression on investments on grain-based distilleries, Chopra mentioned, “This isn’t a coverage which is solid in stone. This coverage shall be renewed… Maize is being inspired for ethanol manufacturing.”
As of now, there’s a large leap in ethanol created from maize. About 50 crore litres of ethanol created from maize has been provided within the 2024-25 provide 12 months, he mentioned.
The trade which has put up grain-based distilleries ought to use maize for ethanol manufacturing, he added. On doubtless fall in sugar output subsequent season, the Secretary mentioned, “The federal government is conscious and anxious.” Nonetheless proper now, it’s too early to foretell any sort of sugar manufacturing figures for subsequent season. “We are going to get to know concerning the manufacturing throughout August for the 2024-25 season.”
“Reservoir ranges in Maharashtra and Karnataka are reportedly rather less than earlier years. We’re cautious to make sure we now have greater closing inventory of sugar this season.”
In any eventuality, the inventory can be utilized not just for home consumption but in addition for diversion for ethanol manufacturing, he added.
The Secretary additional mentioned the rise in truthful and remunerative worth (FRP) of sugarcane for the following season has been a very good sign to farmers to extend the sowing.
The federal government has elevated sugarcane FRP to Rs 340 per quintal for 2024-25 season from Rs 315 per quintal this season.
