New variety Co-17018 is likely to replace existing Co-0238 variety, which is becoming unsustainable because of its susceptibility to red rot and top borer diseases.
Sugar, a politically sensitive commodity, is heavily regulated by the government. The central government also fixes the quantity each mill can sell in the open market.
The govt said the rise would boost supplies and help sugar companies to pay their dues to farmers. India also wants to double ethanol blending with gasoline.
Maharashtra and Karnataka, the country's biggest and the third-biggest sugar producing states, have had heavy rains pushing back harvests by a fortnight.
Any major diversion of corn usage towards ethanol production would severely impact India's poultry sector. Modi govt's target of E20 by 2025 needs 2G biofuels.
The Cabinet Committee on Economic Affairs raised the price of ethanol extracted from sugarcane juice to Rs 63.45 per litre from the current Rs 62.65 per litre.
Paddy, wheat farmers from Lakhimpur Kheri noted they are often forced to sell their produce to commission agents as government officials cite various excuses to avoid buying their produce.
The BKU chief remarks come in the wake of Yogi Adityanath announcing a Rs 25 per quintal hike in the purchase prices of sugarcane in UP, taking it to Rs 350 per quintal.
Disenfranchisement by institutional fiat is profoundly undemocratic. The effect of the ECI's new documentary process in Bihar will tilt the scales in favour of the BJP.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
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