NFCSF welcomed govt s decision to allow 7 lakh tonne of B-heavy molasses for ethanol, aiding in ethanol production and improving sugar mills finances. This move will release around Rs 700 crore from remaining stocks, impacting selling rate and distillation projects.
The decision of the central government to allow use of the 7 lakh tonnes of B Heavy Molasses for ethanol production will help the sugar industry get a revenue of Rs 2300 crores, said National Federation of Cooperative Sugar Factories (NFCSF), which represents the cooperative sugar mills of the country.
The chances of yield loss from an “Ides of March” heatwave strike seem low this time. However, concerns have been raised about wheat production in central India later in the year. Tubers have also been hit by an unusually warm November-December, while sugar has seen increased production.