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Informist, Friday, Jun. 12, 2026

 

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--Renuka Sugars' Gupta:Surplus sugar must be exported than maintaining stocks 
--CONTEXT: Renuka Sugars Executive Director Ravi Gupta at bioenergy event 
--Renuka Sugars' Gupta: Sugar price rise will support green energy adoption 
--Renuka Sugars' Gupta: Green energy technology should be exported 
--Renuka Sugars' Gupta: Sustainable aviation fuel should be exported 

 

MUMBAI – An increase in the minimum selling price of sugar will help the green ethanol programme, according to Shree Renuka Sugars Executive Director Ravi Gupta. The hike in the minimum selling price of sugar will push the industry to invest more in green energy, Gupta said at the Sugar – Ethanol and Bioenergy India conference Friday in Mumbai.  

 

"In my opinion, ethanol will become a prime driver (of green energy in India) because for this you do not have to invest much in the infrastructure," Gupta said. "Green energy will not come from a weak industry... it requires investment, and investment requires confidence, and confidence requires profitability... in the sugar industry, profitability is something which is very, very important and which we should be mindful of."

 

The minimum selling price of sugar is currently at INR 31 per kilogram and it has been unchanged since February 2019. Industry officials have been urging the government to raise the selling price to INR 38 per kg as the government raises the fair and remunerative price of sugarcane every year. The fair and remunerative price of sugarcane, which was at INR 275 per 100 kg in 2019-20 (Oct-Dec), has risen to INR 365 per 100 kg in 2026-27. 

 

Gupta said the surplus sugar within the country should be exported rather than being used to maintain surplus stocks. "We should think of exporting technology. We should think of exporting green energy, ethanol is one of them," he said. Green technology and sustainable aviation fuel should also be exported, he said.  End

 

Reported by J. Navya Sruthi and Taniva Singha Roy

Edited by Saji George Titus

 

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