SUGAR/ETHANOL NEWS

Union Minister Nitin Gadkari has said that India is on track to achieve its 20 per cent ethanol blending target in the next two months.Ethanol blending with petrol was first introduced in 2001 as part of a pilot project aimed at promoting alternative fuel usage.

Closing stock may decline to 4.5 million tonnes, lower than the notional requirement of 2 month

The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved a 3 per cent rise in C Heavy Molasses (CHM) for the ethanol supply year 2024-25 (November-October).

KUALA LUMPUR, Jan 31 (Reuters) - Malaysian palm oil futures fell on Friday following the two-day Lunar New Year holiday, as the market awaits export estimates, although firmer rival Chicago soyoil and crude oil prices and a weaker ringgit capped the losses. The benchmark palm oil contract FCPOc3 for April delivery on the Bursa Malaysia Derivatives Exchange slid 16 ringgit, or 0.37%, to 4,264 ringgit ($965.80) a metric ton by 0334 GMT.

The ethanol is to be supplied for Q2 (February 2025-April 2025) and Q3 (May 2025-July 2025) of the ESY 2024-25

Governments decision of Wednesday to raise prices of ethanol produced from only C-Heavy Molasses (CHM) suggests a potential reshaping of India's ethanol industry says a report by Systematix Institutional Equities

India’s sugar production has reached 16.5 million tons, marking a 12% decline compared to 18.75 million tons during the same period last year.

Domestic oil marketing companies (OMCs) on Wednesday floated a tender for procuring 124 crore litres of ethanol during the current ethanol supply year (ESY), which concludes in October this year.

India's Allana Group has joined forces with strategic partners to form the Indian Poultry Alliance, an initiative poised to redefine poultry production and consumption in India.

According to data from the sugar commissionerate, the total sugar production in Maharashtra stands at 728.67 lakh quintals, down from 879.6 lakh quintals on the same date last year

If India is forced to import sugar due to low production and rising prices, it will be costly, as global sugar production this year is about 50 lakh tonnes short of demand.