It seems the government is under pressure to increase ethanol prices to ensure continued growth in production and support the sugar and grain-based ethanol industries.
With the target of 20% ethanol blending in petrol nearly achieved, it's crucial to maintain momentum and incentivize producers to ramp up output.
Raising the ethanol price by 5-10% would help keep production profitable, especially considering that the cost of inputs like rice and maize is rising.
The reduction in rice prices for ethanol production seems like a short-term measure to alleviate costs, but longer-term sustainability might depend on a more permanent price adjustment.
Do you think this increase will significantly impact the overall ethanol blending target, or is this more about ensuring the continued viability of the industry?
