July 24, 2024

Justice for Gemmel

Stellar business, nonpareil

No change in price for FCI rice used in ethanol production

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.