(ET)
Industry body Indian Sugar Mills Association (ISMA) has welcomed central government’s decision today to increase ethanol prices for 2019-20. Avinash Verma, director general, Indian Sugar Mills Association (ISMA) said, “Government’s decision to increase ethanol price once again, with special emphasis and a higher increase for ethanol made from B-heavy molasses, confirms the Government’s commitment towards encouraging more diversion of the surplus sugarcane/sugar into ethanol.The second very important decision of allowing a single premium price for the ethanol made from partial or 100% sugarcane juice is another big and positive step in this direction. These decisions will help in further increasing the ethanol blend levels from the current 6% average levels across the country.”
