It is reported by The Hindu.
According to the Indian Sugar and Bio Energy Manufacturers Association (ISMA), the initial production projection of 33,05 mln tonnes for the current sugar year is revised to 34 mln tonnes. This is mainly because cane yields are higher than expected in Maharashtra and Karnataka.
While 371 mills are continuing operations this season, only 325 were functioning by this time last season. The Association said that since the crushing rate is low because of lower diversion to ethanol, the crushing capacity is curtailed and that is why a larger number of mills are functioning even now compared with last year.
ISMA has said that it wants to work closely with the government to find solutions to the challenges faced by the industry.
It is seeking measures to use the surplus B heavy molasses and sugarcane juice for ethanol production and is also urging the government to take into consideration the economic implications of the surplus stock. The industry will face financial troubles if there is idle inventory. It has also sought the support of the government to facilitate smooth transition of surplus molasses and ethanol into the ethanol blending programme to sustain operations.
