“Government has been reasonable in price increase for sugarcane”

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Welcoming the decision to raise sugarcane price for the 2021-22 crushing season, Atul Chaturvedi, executive chairman of Shree Renuka Sugars said that the government has been reasonable in raising the fair and remunerative price for sugarcane.

Speaking to a CNBC-TV18, he said,”The government has been quite reasonable in this price increase and it will benefit sugarcane farmers as well as the consumers.”

On ethanol, Chaturvedi said,“Focusing on ethanol production will help the sugar mills to overcome the financial crisis and they would be able to pay more to the cane farmers than what they had paid earlier.”

“Ethanol is environmentally friendly and economically profitable and at this point of time it is giving an average purchase price of about Rs 60, but the consumption of petrol is, where it is blended, pays about Rs 105 in that region”, he further added.

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