Call to Deregulate Ethanol and Molasses in India
May 29, 2013News article: http://www.business-standard.com/article/economy-policy/states-told-to-lift-curb-on-ethanol-molasses-113052500004_1.html
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In India, the lead economic advisor has called for freeing ethanol and molasses from the control of state governments for the benefit of sugarcane farmers and sugar mills.
The chairman of the Prime Minister's Economic Advisory Council (PMEAC) said at a discussion on sugar sector reforms that there is a need to take an urgent decision towards freeing the two commodities from the control of state governments. He insisted that the pricing of ethanol should be left to the market. He also suggested that state governments should look at ways to ease restriction on the movement of molasses from one state to another.
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