India’s Ethanol Plan Seen Erasing Exportable Sugar Surplus

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May 20, 2021

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(Business Recorder/Reuters) India’s government plan to increase ethanol blending in gasoline will erase the country’s exportable sugar surplus in two to three years, according to the chairman of a large Indian company in the sector.

Speaking during the Santander ISO Datagro New York Sugar & Ethanol Conference on Tuesday, Samir Somaiya, the chairman of Godavari Biorefineries, said government measures such as higher reference prices for sugar cane and ethanol will change production strategies at plants.

“The industry is actively responding to those policies, and there is no doubt biofuel production in India will increase,” Somaiya said during a presentation at the conference. Sugar production, as a result, should decrease, he added.

Indian subsidized sugar exports are seen by analysts as a major factor limiting international sugar prices. READ MORE

Godavari Biorefineries said that it is considering a pre-IPO placement of equity shares worth ₹100 crore. (Mint)

Triveni Engineering bets big on ethanol blending, to invest Rs 350 crore to increase distillation capacity (Economic Times)

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