![Reaching Melting Point](https://images.assettype.com/fortuneindia%2F2023-12%2F4d6a8039-aa7c-47f1-8ecf-cc7f465dd899%2FMacroscope_1__5_.jpg?w=300&q=95)
Reaching Melting Point
In FY23, India’s domestic production was estimated at half a million tonnes, resulting in a 15% jump in imports to 2,75,341 tonnes
In FY23, India’s domestic production was estimated at half a million tonnes, resulting in a 15% jump in imports to 2,75,341 tonnes
Ethanol futures dropped to $2.11 per gallon, marking the lowest level since February 2022, owing to production expansion, adjusted blending mandates, and increased stockpiles.