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

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

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.