Prices In A Knot
Market macroscope: Steel rebar futures, Lithium prices, and Ethanol prices.
Market macroscope: Steel rebar futures, Lithium prices, and Ethanol prices.
Changing global cereal prices are expected to influence FMCG product prices directly.
India’s gross expenditure on R&D, as percentage of GDP, has hovered around 0.7% for about a decade.
The government on December 7 issued a directive restricting the use of sugarcane juice and sugar syrup in the production of ESY 2023-24 with immediate effect.
Ethanol futures dropped to $2.11 per gallon, marking the lowest level since February 2022, owing to production expansion, adjusted blending mandates, and increased stockpiles.
Govt pushing for large-scale up-take of ethanol to boost agri growth by 6%; eyes is to make ethanol economy worth Rs 2 lakh cr, says the minister
Sugar stocks such as Dalmia Bharat Sugar, Triveni Engineering, Bajaj Hindusthan, Dhampur Sugar Mills rose in the range of 2% to 5%.
KCP Sugar, Uttam, Mawana, Shree Renuka rallied up to 17% after the government announced a 100% incentive for sugar sacrificed for the production of ethanol.
Government is looking to reduce dependence on imported fossil fuel by blending 10% of fuel grade ethanol with petrol by 2022.
The sugar industry is in the throes of a major crisis because of a glut in sugarcane production. Immediate government’s intervention can help mitigate a disaster in the making.