Ethanol Diversion Not the Reason Behind Sugar Price Rise, Says Govt
The government said 1 million tonnes of raw sugar imports will help ease a nearly 40% price jump driven by weak output and festive demand.
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The Centre said that it is not right to blame ethanol production for the increase in sugar prices. Sugar prices increased from Rs 48.18 to Rs 55.70. Know the reason for the price increase and the government's steps.
The Economic Times
Times of IndiaEthanol diversion not the reason behind sugar price rise, says govt
Sugar prices rose from ₹48.18 per kg on July 20 to ₹55.70 per kg on August 20, but the government said the increase was not due to diversion of sugar for ethanol production.
Ethanol blending target responsible for surge in sugar and jaggery rates: Shiv Sena UBT
Mumbai, Aug 22 (SocialNews.XYZ) The Shiv Sena (UBT), led by Uddhav Thackeray, on Saturday claimed that the Union Government's ethanol-blended petrol (E20) policy is the primary catalyst for the current supply shortage and sharp rise in domestic sugar prices. It pointed out that the spike has sparked widespread public dissatisfaction ahead of the upcoming Ganesh Chaturthi and Navratri festivals, with retail sugar rates surging by Rs 17 in the las…
Ahead of the festive season, sugar prices are rising sharply. On July 20th, the price of sugar was ₹48.18 per kilogram, which increased to ₹55.88 by August 20th.
Govt Blames Sugar Mills For Price Spike, Says Ethanol Diversion Not Responsible
The Centre rejected claims that ethanol production caused the sugar price rise, saying India has adequate stocks. Food Secretary Sanjeev Chopra blamed unjustified price hikes by mills and warned against hoarding. The government announced early crushing, imports and stock restrictions to stabilise supply and reduce prices.
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