Ethanol prices must rise promptly to save sugar mills, ISMA sounds alarm

Quick Summary:

ISMA President M Prabhakar Rao told CNBC-TV18 that there is urgent need for government intervention to ensure stability in the industry and support the broader ethanol-blending initiatives.

Ethanol’s significance has grown in recent months as sugar prices continue to decline.

Under the Sugar Price (Control) Order of 2018, MSP should reflect Fair and Remunerative Price (FRP) levels, but ISMA argues that the current MSP does not cover rising input costs.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Sugar Maharashtra Indian Sugar Mills Association Karnataka Ethanol

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 12:50:38 (11 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 406 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23425225

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