India stops sugar-based ethanol procurement as El Niño threatens sugar supplies
- India has halted sugar-based ethanol purchases from November 1 to protect sugar supplies and control prices.
- • El Niño-linked poor rainfall damaged sugarcane crops in Maharashtra and Karnataka, reducing production.
- State-owned oil companies are seeking nearly 11 billion litres of ethanol from alternatives like corn, rice and other permitted sources.
- The restriction excludes sugarcane juice, sugar syrup and B-heavy molasses, while India continues its 20% ethanol-blending programme.
Source: ndtvprofit.com
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