Indian sugar industry calling for ethanol price policy stability to fuel investments

In India, Cogencis news agency is reporting that the national sugar industry is calling on the prime minister to establish long-term ethanol pricing policies to ensure stability in the market that will allow it to invest in additional production. Although the government has been offering soft loans to sugar mills over the past 18 months to encourage investment in additional ethanol production capacity, most mills’ balance sheets are too weak to take on the required financing. But with support from Brazil, there is hope strong policy frameworks could help to provide the required stability to build out a national industry.