The meeting comes in the backdrop of the Centre directing sugar mills to not use sugarcane juice for ethanol output in 2023-24.
The ministry has recommended and cleared fixed price for ethanol. The new prices would be notified soon.
The government is likely to link ethanol prices to the price of crude. So, if oil prices fall then ethanol prices may be cut too and vice-versa.
Narendra Murkumbi, managing director of Shree Renuka Sugars, in an interview on CNBC-TV18, said that concerns on sugar export duty have been overblown at this point of time.