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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 numerous causes, together with apprehensions about home output and excessive retail costs, and financial unviability, he stated.
On the affect on investments on grain-based distilleries, Chopra stated, “This isn’t a coverage which is forged in stone. This coverage will probably be renewed… Maize is being inspired for ethanol manufacturing.”
As of now, there’s a enormous leap in ethanol made out of maize. About 50 crore litres of ethanol made out of maize has been equipped within the 2024-25 provide 12 months, he stated.
The business 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 stated, “The federal government is conscious and anxious.” Nevertheless proper now, it’s too early to foretell any form of sugar manufacturing figures for subsequent season. “We’ll 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 now we 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 stated the rise in truthful and remunerative worth (FRP) of sugarcane for the subsequent season has been a great 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.
