'Ethanol Diversion Not Behind Sugar Price Rise': ISMA DG Deepak Ballani Dispels Doubts
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5 Articles
The Economic Times
Times of India'Ethanol diversion not behind sugar price rise': ISMA DG Deepak Ballani dispels doubts
New Delhi: On sugar price rise, Deepak Ballani, Director General, Indian Sugar Mills Association (ISMA) said, "This price rise in the last 15-20 days is because of the speculative buying, the panic buying. There are absolutely no problems with the physical sugar availability in the country. We will close the season with almost 35 lakh tons of sugar. There was a perception given that there could be some tightness, which led to panic buying, specu…
ISMA On Sugar Price Hike: Regarding the sharp rise in sugar prices, the Indian Sugar Manufacturers Association says that it has not become expensive due to ethanol, but there are other major reasons behind it.
Lucknow: The Uttar Pradesh Sugar Mills Association (UPSMA) has categorically rejected claims that diversion of sugar for ethanol production for the Ethanol Blended Petrol (EBP) program is the reason for the sugar shortage in the country and the recent sharp rise in sugar prices. UPSMA General Secretary Deepak Guptara said such claims are completely baseless and devoid of facts. He added that the share of sugar diverted for ethanol production has…
Sugar Stock: The tension among consumers has increased due to the increase in sugar prices during the festive season. The reason behind this increase in sugar prices despite adequate stock has now come to light.
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