India: Government imposes 50 pc export duty on molasses to boost supply for ethanol production

Published 2024년 1월 16일

Tridge summary

The Indian government has imposed a 50 per cent export duty on molasses, a by-product of sugarcane and a key ingredient for ethanol production, in response to a likely decline in sugar production this season. The order will go into effect on January 18, and the government aims to achieve a 15 per cent blending of ethanol with petrol this year, requiring 690 litres of ethanol. Without diversion for ethanol production, the government estimates sugar production to decline to 32.3-33 million tonne in the current season, down from 37.3 million tonne in the previous season.

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Original content

New Delhi, Jan 16 (PTI) The government has imposed 50 per cent export duty on molasses, a by-product of sugarcane and key ingredient for ethanol production, amid likely decline in sugar production in the current season. According to a finance ministry notification, the order will come into force from January 18. In the current year, the government aims to achieve 15 per cent blending of ethanol with petrol for which 690 litres of ethanol would be required. Without diversion for ethanol, the government has estimated sugar production to decline to 32.3-33 million tonne in the ongoing 2023-24 season (October-September) as against 37.3 million tonne in the previous season. India exports molasses to countries including ...

Source: Theprint