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Rise in prices of ethanol

Share Source By

Dion Global

06 Feb 2019

For ethanol supply year 2018-19 (December- November) Government has increased the ex-mill price of ethanol derived from C-heavy molasses to Rs. 43.46 per litre from Rs.40.85 per litre being paid for ethanol supply year 2017-18. For the first time, Government has also fixed the ex-mill price of ethanol derived from B-heavy molasses/partial sugarcane juice at Rs.52.43 per litre and from 100 % sugarcane juice at Rs. 59.19 per litre for ethanol supply year 2018-19.

Government is extending soft loans of Rs. 6139 crore through banks to the sugar mills for setting up new distilleries and installation of incineration boilers to augment ethanol production capacity for which Government will bear interest subvention of Rs. 1332 crore. Further, Government has also created a buffer stock of 30 LMT to be maintained by sugar mills w.e.f. 01.07.2018 to 30.06.2019 for which Government will reimburse carrying cost in terms of interest, insurance & storage charges of about Rs. 1175 crore towards maintenance of buffer stock.