Sugar Sector Calls For Ethanol Price Revision

New Delhi: The sugar industry has demanded a revision of ethanol procurement prices and extension of blending targets beyond 20 per cent, as the sector’s contribution to the national ethanol programme has declined sharply from 73 per cent to just 28 per cent.

The industry has also demanded accelerated promotion and manufacturing of Flex-Fuel Vehicles (FFVs) to boost ethanol demand and ensure market preparedness for higher blending, National Federation of Cooperative Sugar Factories (NFCSF) said in a statement. The demand was made by the industry delegation, led by Ravi Gupta, Chairman of IFGE’s Sugar Bioenergy Group, and expert Member on the Board of NFCSF, in a meeting held at the PMO recently, it said.