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Sugar News - Government may hike ethanol procurement price in 2022 23 season
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Government may hike ethanol procurement price in 2022-23 season

According to the market sources, the center may hike the ethanol purchase price by Rs.2 per liter for the 2022-23 season (Dec-Nov). According to the Ministry of petroleum and natural gas, the government has achieved 10.3% ethanol blending in petrol as of June 2022, ahead of the November 2022 deadline. Earlier, during the 2021-22 season, the government increased the procurement price of all three categories of ethanol produced from different sources by 1.27 to 2.55 percent.

Raw Material

Ethanol Procurement Price (Rs./liter)

2018-19

2019-20

2020-21

2021-22

C-heavy molasses

43.46

43.75

45.69

46.66

B-heavy molasses

52.43

54.27

57.61

59.08

Sugarcane juice/Syrup

59.19

59.48

62.65

63.45

Damaged food grain

47.13

50.36

51.55

-

Surplus rice issued by FCI

-

-

56.87

-

Maize

-

-

51.55

-