Kolhapur: Sugar industry experts believe that the increase in the ethanol procurement price would provide financial stability to sugar mills therefore they would be in a better position to pay the FRP payment.
As per the news report published in The Times of India, Sugar industry expert Vijay Autade said, “The mills in Maharashtra have to face problem due to their distance from the non-sugar producing states. The mills have to shell out more on transportation in comparison to the mills in states like Uttar Pradesh, which are nearer to the non-sugar producing states. Under such circumstances, an increase in ethanol procurement price would help sugar mills to reach a better position to pay FRP to the cane farmers.”
The price of ethanol from the C heavy molasses route has been increased from Rs 45.69 per litre to Rs 46.66 per litre. The price of ethanol from the B heavy molasses route has been increased from Rs 57.61 per litre to Rs 59.08 per litre. Further, the price of ethanol from sugarcane juice, sugar/sugar syrup route has been increased from Rs 62.65 per litre to Rs 63.45 per litre.
