The central authorities has kept unchanged the rate of rice provided by the Food stuff Company of India to produce ethanol.
For the ongoing economical yr, the rate will stay ₹2,000 per quintal, the Ministry of Shopper Affairs, Food stuff and Public Distribution explained in a assertion on Saturday. The authorities fastened this rate for the just-concluded economical yr, placing the rate of ethanol created from rice out there with FCI at ₹56.87/litre for the yr.
To strengthen the agricultural financial system and lessen import dependence, the Centre has fastened a 10 per cent mixing of fuel-quality ethanol with petrol by 2022 and twenty per cent mixing by 2025.
Apart from rice, in the present-day sugar period 2020-21, a lot more than twenty LMT of excess sugar is estimated to have been diverted for ethanol production. In the previous three sugar seasons, sugar mills and distilleries created a income of about ₹22,000 crore income from the sale of ethanol to oil marketing and advertising businesses, the assertion explained.