Sugar producers to India: raise ethanol prices!

In India,  the Maharashtra State Federation of Cooperative Sugar Factories has told India’s Union Government to raise the ethanol price from Rs 27/liter to Rs 35/liter, citing increased production costs.  Managing Director, Ajit Chaugule states, “The Union government had appointed a committee under the chairmanship of Soumitra Choudhury to finalize the ethanol price. It is learnt that the committee has recommended a price of Rs 30 per litre. Considering the prices of molasses and alcohol, the production cost of ethanol and international crude prices, ethanol manufacturers should get a minimum price of Rs 35 per litre.”