In the Philippines, the Confederation of Sugar Producers is finally getting on board with the idea that ethanol production could help the industry survive post-2015 when markets open up under the ASEAN free trade area. Import taxes on sugar are currently 28% but will fall every year until reaching 5% in 2015.
As subsidies won’t be provided for sugar producers, they’re looking at supplying cane for ethanol production that would help diversify their income streams and markets.
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Tags: Philippines
Category: International
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