Sugar Stocks Rally Up To 4% As Govt Allows Production Of RS, ENA From Sugarcane Juice
6 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 C-Heavy molasses for the Ethanol Supply Year 2024-25. Among individual stocks, Bajaj Hindusthan Sugar, which saw its stock rise 3.59 per cent, and Dwarikesh Sugar Industries, which increased 3.83 per cent. Shree Renuka Sugars climbed 3.38 per cent, while Balrampur Chini Mills gained 2.87 per cent.

India Cent Sugar Pla Balrampur Chini Cane Juice Sugarcane Juice Sugar Stocks Ethanol Ethanol Production  molasses  ethanol  cent  maintain  bheavy  blending  rally  ena  production  govt  rs  sugar  sugars  stocks  juice  allows  season  mills  sugarcane

History of this topic

Cooperative sugar mills to be incentivized to boost ethanol production
3 weeks ago

Cooperative sugar mills to be incentivized to boost ethanol production

Live Mint  

New Delhi: To boost ethanol production in the country and to make cooperative sugar mills more viable, the government has allowed them to operate with grains like maize and damaged foodgrains in addition to sugarcane. The conversion to multi-feedstock-based facilities would not only make the existing ethanol plants capable of operating when sugar-based feedstocks are not available for ethanol production, …

Dalmia Bharat, Shree Renuka Sugars to Triveni Eng: Why sugar stocks are skyrocketing today?
2 months, 1 week ago

Dalmia Bharat, Shree Renuka Sugars to Triveni Eng: Why sugar stocks are skyrocketing today?

Live Mint  

Sugar stocks are in focus on Thursday, January 16, following reports of a potential increase in ethanol prices, with most sugar stocks trading higher on Thursday. Dalmia Bharat shares are trading a percent higher on Thursday's trading session at ₹1,758, meanwhile, Shree Renuka Sugars stock is nearly 4 per cent up today, touched intraday high to ₹38.18. Rana Sugars Ltd. …

Government lifts restrictions on ethanol production from sugarcane juice, sugar syrup
6 months, 4 weeks ago

Government lifts restrictions on ethanol production from sugarcane juice, sugar syrup

The Hindu  

The government has lifted restrictions on production of ethanol from sugarcane juice, b-heavy and c-heavy molasses for the next ethanol supply year that begins in November. In a communication on Thursday, the Department of Food and Public Distribution said sugar mills and distilleries can produce ethanol, as agreed with oil marketing companies, from sugarcane juice, sugar syrup, b-heavy or c-heavy …

India’s ethanol blending goals: Balancing fuel production and food security
7 months, 1 week 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
7 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 …

Nod for use of molasses stock in ethanol production likely to affect polls in 19 seats
10 months, 3 weeks ago

Nod for use of molasses stock in ethanol production likely to affect polls in 19 seats

Hindustan Times  

Mumbai: The central government’s recent decision of allowing sugar mills to use their existing stock of B-heavy molasses for ethanol production is likely to have an impact in 19 Lok Sabha constituencies in the state. HT Image Sugar factories and related agro industries dominate the economy in around 19 Lok Sabha constituencies in the state which will vote in the …

Industry welcomes levy of export duty on molasses
1 year, 2 months ago

Industry welcomes levy of export duty on molasses

The Hindu  

The government’s order to levy 50% export duty on “molasses resulting from the extraction or refining of sugar” will make available more molasses for ethanol production, according to the India Sugar & Bio-energy Manufacturers Association M. Prabhakar Rao, president of the Association, said in a press release that almost 15 lakh tonnes of molasses, which is nearly 10% of molasses …

Ethanol blending saved ₹24,300 crore foreign exchange in 2022-23: Hardeep Singh Puri
1 year, 2 months ago

Ethanol blending saved ₹24,300 crore foreign exchange in 2022-23: Hardeep Singh Puri

Op India  

Blending of ethanol into petrol has resulted in savings of over Rs 24,300 crore of foreign exchange in the supply year 2022-23, said Union Petroleum Minister Hardeep Puri on Wednesday. Public sector oil marketing companies have saved about 509 crore litres of petrol on account of ethanol blending during the ethanol supply year 2022-23, besides leading to an expeditious payment …

Sugar stocks surge as government reverses ban on sugarcane juice for ethanol production
1 year, 3 months 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 …

Govt allows cane juice, B-molasses to make ethanol, caps sugar diversion at 17 lakh tonnes
1 year, 3 months ago

Govt allows cane juice, B-molasses to make ethanol, caps sugar diversion at 17 lakh tonnes

India TV News  

New Delhi: The Central government on Friday allowed sugar mills to use both cane juice and B-heavy molasses for ethanol production. 17 lakh tonnes of diversion of sugar for making ethanol "The flexibility has been given to sugar mills for using both sugarcane juice and B-heavy within an overall cap of 17 lakh tonnes of diversion of sugar for making …

ISMA demands higher price for ethanol from B heavy molasses
1 year, 3 months 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 …

Govt Bars Sugarcane Juice for Ethanol, Ensures Domestic Sweetener Supply
1 year, 3 months ago

Govt Bars Sugarcane Juice for Ethanol, Ensures Domestic Sweetener Supply

Deccan Chronicle  

New Delhi: In an attempt to ensure adequate supply of sweetener for domestic consumption and keep prices under check, the central government on Thursday directed all sugar mills and distilleries not to use sugarcane juice for production of ethanol. As ethanol is used for petrol blending, the government also continued, saying that sugar mills can continue to produce ethanol from …

Government directs sugar mills to not use sugarcane juice for ethanol production to keep prices in check
1 year, 3 months 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 …

India mulls curbing ethanol production to fight sugar shortages
1 year, 3 months ago

India mulls curbing ethanol production to fight sugar shortages

Live Mint  

India is considering curbing ethanol production from sugar cane as the world’s largest consumer of the sweetener battles domestic shortages. The proposal, which would help ease local sugar shortages if approved, sent futures plunging as much as 7.9% in New York on Wednesday, the biggest decline in 10 months. Poor rainfall harmed sugarcane crops in India, prompting the world’s second-biggest …

Sugar production expected to see a slight dip amid rising ethanol demand
1 year, 7 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, 9 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, …

Govt hikes procurement prices of ethanol for blending with petrol
2 years, 4 months 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, 6 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 …

For sugar stocks, ethanol prices must hit sweet spot
2 years, 6 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 …

India achieves 10% ethanol blending target ahead of schedule, says PM Modi
2 years, 9 months ago

India achieves 10% ethanol blending target ahead of schedule, says PM Modi

The Hindu  

India has achieved the target of 10% ethanol blending in petrol, five months ahead of schedule, Prime Minister Narendra Modi said on Sunday at event organised by the Isha foundation. This, he claimed, led to a reduction of 27 lakh tonnes of carbon emission, saved foreign exchange worth Rs 41,000 crore and that India's farmers earned Rs 40,600 crores in …

India imposes restrictions on sugar exports from 1 June to maintain domestic availability, price stability
2 years, 10 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 blend in petrol to be raised to 20% in 3 years
2 years, 10 months ago

Ethanol blend in petrol to be raised to 20% in 3 years

The Hindu  

The Union Cabinet on Wednesday approved amendments to the National Policy on Biofuels, 2018, to advance the date by which fuel companies have to increase the percentage of ethanol in petrol to 20%, from 2030 to 2025. A 2021 report by the NITI Aayog said that “immense benefits” could accrue to the country by 20% ethanol blending by 2025, such …

Centre approves ethanol price hike by up to Rs 1.47 per litre for mixing in petrol
3 years, 4 months 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 …

‘Ethanol production absorbed 2 MT of sugar’
3 years, 5 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, 5 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 …

India advanced target for ethanol-blending in petrol from 2030 to 2025, says Narendra Modi
3 years, 9 months ago

India advanced target for ethanol-blending in petrol from 2030 to 2025, says Narendra Modi

Firstpost  

Last year, the Centre had set a target of 10% ethanol blending in petrol by 2022 and 20% by 2030. Ethanol is less polluting and also provides farmers with an alternate income source New Delhi: India has advanced the target date for achieving 20 percent ethanol-blending in petrol by five years to 2025, Prime Minister Narendra Modi said on Saturday, …

Indian Govt to Advance Implementation of 20 Percent Ethanol Blended Gasoline by 2 Years
3 years, 9 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
4 years 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 …

Centre yet to decide on export subsidy for sugar
4 years, 4 months ago

Centre yet to decide on export subsidy for sugar

The Hindu  

The sugar crushing season is now well under way, but mill owners are starting to get antsy about the government’s delay in deciding whether or not export and buffer stock subsidy schemes will be extended this year. Food Ministry officials say the policy is still under consideration, and admit that more than ₹5,000 crore worth of payment to mills from …

OMCs, Sugar Mills And Banks to Set up Escrow Account to Pay For Ethanol Procurement
4 years, 7 months ago

OMCs, Sugar Mills And Banks to Set up Escrow Account to Pay For Ethanol Procurement

News 18  

Sugar mills, oil marketing companies and banks are willing to enter into an agreement to create an escrow account for payment of ethanol procurement, a move that will enable sugar factories to avail soft loans for setting up distilleries, the food ministry said on Saturday. Banks could now consider giving loans to even those sugar mills that have weak balance …

Govt hikes ethanol procurement price for fuel blending; move may cut oil import bill by $1 bn annually
5 years, 6 months ago

Govt hikes ethanol procurement price for fuel blending; move may cut oil import bill by $1 bn annually

Firstpost  

New Delhi: The government on Tuesday raised the price of sugarcane-extracted ethanol used for blending in petrol by up to Rs 1.84 per litre as it looked to cut oil import bill by $1 billion annually through its greater use in auto fuels. State-owned oil marketing companies will buy ethanol from sugar mills, for mixing in petrol, at enhanced rates …

Sugar production likely to drop to 8% for second straight year in 2019-20: USDA report
5 years, 10 months ago

Sugar production likely to drop to 8% for second straight year in 2019-20: USDA report

Firstpost  

India’s sugar production is likely to decline 8.4 percent to 30.3 million tonnes for the second straight year in the 2019-20 marketing year that would begin from October because of likely fall in sugarcane output, a latest USDA report said New Delhi: India’s sugar production is likely to decline 8.4 percent to 30.3 million tonnes for the second straight year …

Ethanol blending with petrol likely to reach 7.2% in 2018-19 season from 4.2% last year
5 years, 11 months ago

Ethanol blending with petrol likely to reach 7.2% in 2018-19 season from 4.2% last year

Firstpost  

The new Biofuel Policy 2018 has fixed a target of achieving 20 percent ethanol blending with petrol by 2030. New Delhi: Ethanol blending with petrol is estimated to touch 7.2 percent in 2018-19 marketing year as record 237 million litre of supplies have been contracted, according to sugar industry body ISMA. The ethanol blending was 4.22 percent in 2017-18 marketing …

Modi pushes exports, ethanol fuel to lift sugar economy- India TV news
9 years, 7 months ago

Modi pushes exports, ethanol fuel to lift sugar economy- India TV news

India TV News  

New Delhi: Prime Minister Narendra Modi on Saturday called for higher ethanol content in petrol and a concerted effort to push exports in a bid to lower the current sugar surplus and protect the interests of farmers to whom factories owe an estimated Rs.15,000 crore in cane arrears. “Taking note of the current supply-demand issues with regard to sugar, the …

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