Now Reading: Sugar Prices Hit Record High, Centre May Cut Sugarcane for Ethanol
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Sugar Prices Hit Record High, Centre May Cut Sugarcane for Ethanol
Sugar prices in India have surged to an all-time high, OdishaTV reports. The central government is considering reducing the allocation of sugarcane for ethanol production to stabilise supplies and curb further price…
The Story in Brief
Sugar prices in India have surged to an all-time high, OdishaTV reports. The central government is considering reducing the allocation of sugarcane for ethanol production to stabilise supplies and curb further price rises.
The move would cut the amount of cane diverted to ethanol plants, potentially boosting sugar availability. The government's ethanol blending programme has reduced surplus sugar but also contributed to price pressures. No official decision has been announced yet.
The Indian Opinion
Some blame the ethanol policy for sugar price spikes, while others defend it as vital for energy security and farmer incomes. The truth is more complex: lower yields and hoarding may also be driving costs. The government must balance consumer prices with renewable fuel goals. Will it cut ethanol allocation enough to cool inflation without hurting sugarcane farmers?
Source: odishatv.in
This story was synthesised by AI from the source linked above.
