For sugar stocks, ethanol prices must hit sweet spot
2 years, 3 months ago

For sugar stocks, ethanol prices must hit sweet spot

Live Mint  

Shares of sugar companies such as Balrampur Chini Mills Ltd and Triveni Engineering & Industries Ltd are down 28-33% from their 52-week highs seen in April. In SS2021-22, 3.4 million tonnes of sugar production were estimated to be diverted for ethanol, according to Indian Sugar Mills Association. Initially, it capped the export volumes at 10 million tonnes, but following the record sugar production, an additional 1.2 million tonnes of exports were allowed. In SS23, in view of the surplus production, ISMA expects the government would allow exports of 8 million tonnes. The preliminary estimates of sugar production in SS23 stands at 35.5 million tonnes and the consumption is likely to be at 27.5 million tonnes.

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History of this topic

Sugar Stocks Rally Up To 4% As Govt Allows Production Of RS, ENA From Sugarcane Juice
3 months, 1 week ago

Sugar Stocks Rally Up To 4% As Govt Allows Production Of RS, ENA From Sugarcane Juice

News 18  

Sugar stocks rallied up to 7 per cent on September 16 after the Department of Food and Public Distribution authorised sugar mills and distilleries to manufacture Rectified Spirit and Extra Neutral Alcohol using sugarcane juice and B-heavy molasses. The move came alongside the government’s recent approval for sugar mills and distilleries to produce ethanol from sugarcane juice, B-Heavy molasses, and …

India’s ethanol blending goals: Balancing fuel production and food security
4 months ago

India’s ethanol blending goals: Balancing fuel production and food security

The Hindu  

India is on its way to achieve its target of blending 20% of petrol with ethanol by 2025-26, going by the milestones on blending percentages crossed so far and the increase in ethanol production capacity. Status of ethanol production capacity Twenty per cent by 2025-26 would mean producing some 1,000 crore litres of ethanol for blending with petrol. The roadmap …

Shah urges sugar mills to diversify ethanol production, eyes 2025 blending target
4 months, 2 weeks ago

Shah urges sugar mills to diversify ethanol production, eyes 2025 blending target

Deccan Chronicle  

New Delhi: Cooperation Minister Amit Shah on Saturday called on sugar mills to explore alternatives to sugarcane for ethanol production, pushing for a multi-dimensional approach to biofuel manufacturing. Speaking at an event organized by the National Federation of Cooperative Sugar Factories, Shah said India would achieve its 20 per cent ethanol blending target by 2025-26, ahead of the original 2030 …

Sugar stocks surge as government reverses ban on sugarcane juice for ethanol production
1 year ago

Sugar stocks surge as government reverses ban on sugarcane juice for ethanol production

Live Mint  

Sugar stocks experienced a notable surge, with gains of up to 7.7% in today's trading session, following a new order from the food ministry. The order reversed the earlier ban on using sugarcane juice for ethanol production, allowing both sugarcane juice and B-heavy molasses for green fuel production in the 2023–24 supply year. This reversal followed the government's December 07 …

ISMA demands higher price for ethanol from B heavy molasses
1 year ago

ISMA demands higher price for ethanol from B heavy molasses

The Hindu  

The Indian Sugar Mills Association on Friday suggested compensatory increase in pricing for ethanol produced from B and C heavy molasses in the wake of the direction of the Ministry of Consumer Affairs, Food and Public Distribution restricting the use of sugarcane juice and syrup for ethanol production. “While acknowledging the government’s intent to balance the needs of consumers, ISMA …

Government directs sugar mills to not use sugarcane juice for ethanol production to keep prices in check
1 year ago

Government directs sugar mills to not use sugarcane juice for ethanol production to keep prices in check

The Hindu  

The Centre on December 7 banned the use of ‘sugacane juice and sugar syrup’ for ethanol production in the 2023-24 supply year that started this month, in order to maintain adequate sugar availability for domestic consumption and to keep prices under check. In a letter issued to all sugar mills and distillers, the Food Ministry directed them “not to use …

No proposal to reduce ethanol production yet, say government sources: Report
1 year ago

No proposal to reduce ethanol production yet, say government sources: Report

Live Mint  

Government sources said that they don't yet have a proposal to reduce ethanol production under consideration, CNBC-TV18 reported. The clarification came following media reports that ethanol production from sugarcane would be reduced to combat India's sugar shortage. Earlier today Bloomberg cited sources saying that India is considering curbing ethanol production adding that authorities are studying a proposal to limit the …

Sugar production estimated to decline in Maha, retail prices could rise
1 year, 3 months ago

Sugar production estimated to decline in Maha, retail prices could rise

Hindustan Times  

After recording a 17 percent drop in 2022-23, sugar production in Maharashtra is expected to drop by over 11 percent this year. “The area under sugarcane cultivation is expected to remain at 14.37 lakh hectares this year as against 14.83 lakh hectares last year,” said an official from the sugar commissionerate. The recovery rate is expected to remain 10 percent …

Sugar production expected to see a slight dip amid rising ethanol demand
1 year, 4 months ago

Sugar production expected to see a slight dip amid rising ethanol demand

The Hindu  

Sugar production in the 2023-24 sugar season, which starts in October, is expected to be 317 lakh tonnes as against 328 lakh tonnes during the current season. Preliminary estimates by the Indian Sugar Mills’ Association show that total production will be 362 lakh tonnes compared with 369 lakh tonnes in the ongoing season, which will end on September 30. Sugar …

Govt unlikely to allow sugar exports next season
1 year, 6 months ago

Govt unlikely to allow sugar exports next season

Live Mint  

The department of food and public distribution is unlikely to allocate quota to sugar mills for export or allow Indian mills to export sugar in 2023-24 to ensure domestic supply and keep prices in check. This comes in the backdrop of India’s sugar production in the ongoing season dipping to 32.4 million tonnes from the initial estimates of 36.5 mt, …

Sugar mills in Maharashtra diverting biz towards ethanol production
1 year, 7 months ago

Sugar mills in Maharashtra diverting biz towards ethanol production

Hindustan Times  

Many sugar mills in Maharashtra are shifting their business towards the production of ethanol due to high demand from the oil industry and more returns. Shekhar Gaikwad, sugar commissioner of state, said, “There is more demand from oil industries for ethanol blending but existing mills are not able to provide the required supply. We are following the Brazil model, as …

Sugarcane route is not sufficient to achieve E20 target: official
1 year, 7 months ago

Sugarcane route is not sufficient to achieve E20 target: official

Live Mint  

Sugarcane alone is not sufficient to achieve the 20% blending target, said Union Food and Public Distribution Secretary Sanjeev Chopra on Tuesday. “However, only sugarcane route is not sufficient to achieve the 20% blending target, therefore, ethanol from food-grains such as maize, damaged food grains and rice available with Food Corp of India has also been allowed,” Chopra said while …

Extra 1 million tons sugar exports possible if domestic output meets estimate, says govt. official
1 year, 9 months ago

Extra 1 million tons sugar exports possible if domestic output meets estimate, says govt. official

The Hindu  

India, the world's second-largest sugar-producing nation after Brazil, can export an additional one million tonnes of the sweetener if the domestic output reaches an estimated 33.6 million tonnes this year, a senior Food Ministry official said on March 6. "More exports are possible and we have a cushion for exports of additional one million tonnes, suppose the overall production reaches …

Govt hikes procurement prices of ethanol for blending with petrol
2 years, 1 month ago

Govt hikes procurement prices of ethanol for blending with petrol

Live Mint  

New Delhi: The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Wednesday approved a hike in the cost of ethanol procured by the public sector oil marketing companies from distilleries. The price of ethanol from sugarcane juice/sugar/sugar syrup has been raised from ₹63.45 to ₹65.61 per litre, the release said. “The Cabinet Committee on Economic Affairs …

India set to allow 5 mn tonnes of sugar exports in first tranche
2 years, 3 months ago

India set to allow 5 mn tonnes of sugar exports in first tranche

The Hindu  

India is poised to allow 5 million tonnes of sugar exports in the first tranche for the new marketing year beginning October, two government sources said on Wednesday. “The permission to export 5 million tonnes of sugar is expected in the coming weeks and once we have a better sense about next sugar year’s production, we could allow another 3 …

Explained | Why India, world’s largest producer of sugar, has put brakes on exports
2 years, 6 months ago

Explained | Why India, world’s largest producer of sugar, has put brakes on exports

The Hindu  

The story so far: A fortnight after it banned wheat exports, India announced restrictions on the export of sugar to keep a lid on prices in the domestic market. “Taking into consideration unprecedented growth in exports of sugar and the need to maintain sufficient stock of sugar in the country as well as to safeguard interests of the common citizens …

India imposes restrictions on sugar exports from 1 June to maintain domestic availability, price stability
2 years, 6 months ago

India imposes restrictions on sugar exports from 1 June to maintain domestic availability, price stability

Firstpost  

The Directorate General of Foreign Trade said that the export restrictions would not be applicable on sugar exported to the EU and the US under CXL and TRQ New Delhi: The government has imposed restrictions on sugar exports from 1 June, 2022, a move aimed at increasing availability of the commodity in the domestic market and curbing price rise. In …

Ethanol helps sugar mills clear arrears to farmers
2 years, 10 months ago

Ethanol helps sugar mills clear arrears to farmers

The Hindu  

Sugar mills’ sale of ethanol to oil marketing companies helped them earn additional revenue and clear cane price arrears to farmers, the Department of Economic Affairs said in the annual Economic Survey placed in the Parliament on Monday. The department said that in the past four sugar seasons ending 2020-2021, sugar mills/distilleries generated revenue of about ₹35,000 crore from the …

Centre approves ethanol price hike by up to Rs 1.47 per litre for mixing in petrol
3 years, 1 month ago

Centre approves ethanol price hike by up to Rs 1.47 per litre for mixing in petrol

Firstpost  

Higher mixing of ethanol in petrol will help cut India’s oil import bill and also benefit sugar cane farmers as well as sugar mills The Union Cabinet on Wednesday hiked the price of ethanol extracted from sugarcane for blending in petrol by up to Rs 1.47 per litre for 2021-22 marketing year starting December, as part of its target to …

Urgent need to stop licences for new sugar factories: Nitin Gadkari
3 years, 2 months ago

Urgent need to stop licences for new sugar factories: Nitin Gadkari

The Hindu  

Urging farmers in Maharashtra and other parts of the country to focus on producing ethanol from sugarcane juice instead of sugar, Union Minister of Road Transport and Highways and senior BJP leader Nitin Gadkari on Saturday said there was a pressing need to stop issuing fresh licenses to set up sugar factories in the State and elsewhere. Loss-making enterprise Expressing …

‘Ethanol production absorbed 2 MT of sugar’
3 years, 2 months ago

‘Ethanol production absorbed 2 MT of sugar’

The Hindu  

Almost two million tonnes of sugar were diverted for ethanol production during the last sugar season, Sudhanshu Pandey, Food Secretary, said at a webinar on sugar output on Friday. During the current season, which started on Friday, about 3.5 MT of sugar are expected to be used for ethanol production in the country. Abinash Verma, Director General of the Indian …

Nearly 17 million tonnes of surplus foodgrains to be used for ethanol making: Food Secretary
3 years, 2 months ago

Nearly 17 million tonnes of surplus foodgrains to be used for ethanol making: Food Secretary

The Hindu  

The government on Friday said around 17 million tonnes of surplus foodgrains will be utilised, apart from sugarcane molasses, for manufacturing ethanol to achieve the target of 20% blending with petrol by 2025. In the 2020-21 marketing year that ended last month, Mr. Pandey said the sugar mills were able to divert roughly about 2 million tonnes of sugar towards …

Indian Govt to Advance Implementation of 20 Percent Ethanol Blended Gasoline by 2 Years
3 years, 6 months ago

Indian Govt to Advance Implementation of 20 Percent Ethanol Blended Gasoline by 2 Years

News 18  

India's government will bring forward to 2023 from 2025 the possibility of fuel companies selling gasoline containing up to 20% of ethanol, according to brokers and a publication in the country's official gazette on Wednesday. "The central government hereby directs that the oil companies shall sell ethanol blended petrol with percentage of ethanol up to 20% as per the Bureau …

Rising global prices, ethanol production aiding market sentiment on sugar stocks
3 years, 9 months ago

Rising global prices, ethanol production aiding market sentiment on sugar stocks

Live Mint  

MUMBAI: Domestic sugar companies have struggled on the profitably front over past few years, given surplus production and depressed prices in the country. An export quota at 6 million tonne is helpful but the projected surplus will keep sugar prices in check this year as well. However, offering some respite are the rising global prices, which will help Indian sugar …

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