Ban decision chokes wheat export pipeline

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The government has said that it will allow those exports to carry on, which have letter of credit (LC) issued before May 13. However, exporters said hardly 10% of the wheat exports take place through LCs, which means, that a large quantity of wheat contracted by traders cannot go overseas.

from Agriculture-Economy-News-Economic Times https://ift.tt/i9Obj5L

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Assam’s bamboo-based refinery generates interest among private investors from varied sectors

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The Assam Bio Refinery, a joint venture between Numaligarh Refinery Ltd, Fortum, and Chempolis, plans to manufacture ethanol from bamboo starting in March. The refinery has generated interest from energy sector investors, and the company expects returns on investment to increase from value-added products. India is promoting the production of ethanol from non-food biomass to address shortages of food sources like sugar, maize, and rice. from Agriculture-Economy-News-Economic Times https://ift.tt/Msz0Jl6
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