then cost of production is higher than sale price of ethanol… with price of maize ~Rs. 26/ kg and rice Rs. 29/ kg ethanol is loss making business.
As crude prices are falling and expected to fall further, Govt will not be able to increase ethanol price.
Entire ethanol industry has gone for toss – there will be many plant shut down…
sugarcane based ethanol is marginally positive…
We will see many grain based ethanol plants and sugar mills closing down this year.
| Subscribe To Our Free Newsletter |
