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Erratic and uneven rainfall this year has affected sugarcane and rice cultivation in the country, which means less will be available for the distilleries. State-run Food Corporation of India (FCI) has already stopped supply of rice for ethanol production owing to an expected shortfall of rice for general consumption.
The Indian government has set the Fair and Remunerative Price (FRP) for sugarcane at 315 rupees per quintal, with more than a 100% margin, meaning farmers will receive high returns. The FRP functions as a benchmark below which sugarcane cannot be bought by sugar factories; it reduces farmers' payments and ensures competitiveness in the sugar industry.
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Delhi [India], March 16 (ANI/BusinessWire India): Zuari Industries Limited (ZIL) has entered into definitive agreements with Envien International Limited of Envien Group, headquartered in Slovakia on 15 March 23 to jointly develop, construct own and operate a 150 KLPD grain-based distillery in Uttar Pradesh and supply ethanol to Oil Marketing Companies under the Ethanol Blending Programme of the Government of India.
Zuari Industries Limited (ZIL) has entered into definitive agreements with Envien International Limited of Envien Group, headquartered in Slovakia on 15 March 23 to jointly develop, construct own and operate a 150 KLPD grain-based distillery in Uttar Pradesh and supply ethanol to Oil Marketing Companies under the Ethanol Blending Programme of the Government of India.