Indian mills can only supply half of E5 due to timing of supply tender

In India, despite the government putting in price supports for ethanol, sugar mills only offered 470 million liters of ethanol during the purchase tender that opened for 920 million liters floated by the Oil Marketing Companies. The volume offered will only supply half of the country’s E5 mandate. The tender was floated half way though the sugar production cycle when mills would have already made arrangements for much of their molasses.