Rates for ethanol from sugar cane hiked
In the run-up to the first anniversary of
protests against three farm reform laws, the
Cabinet
Committee on Economic Affairs (CCEA)has
approved a slew of measures that will support
farmers growing sugar, cotton and jute.
The rate for ethanol extracted from C-heavy
molasses has been increased by 97 paise a litre,
while that of ethanol extracted from B-heavy
molasses is up ₹1.47 as well
Price support to CCI
The CCEA also approved a committed price
support of ₹17,408.85 crore to the Cotton
Corporation of India (CCI) as reimbursement
for its losses in procuring crops from farmers
at minimum support prices over the last seven
years.
In order to safeguard the interests of the cotton
farmers, it was expedient to conduct price
support operations in cotton years 2014-15 to
2020-21 as prices touched the MSP prices.
Jute in packaging
In another decision, the CCEA approved
reservation norms for the mandatory use of jute
in packaging this year, stipulating that 100% of
food grains and 20% of sugar must
compulsorily be packed in jute bags.
Such reservation consumed two-thirds of the
total raw jute production last year.