Indian sugar mills agree supply contracts for 1.4 billion liters of ethanol

December 20, 2017 |

In India, Reuters reports that the Indian Sugar Mills Association confirmed mills have sold 1.4 billion liters of ethanol to oil marketing companies for the 2017/18 crop year, double the 665 million liters supplied during the previous season, thanks to a significant increase in sugar production that will lead to a far higher supply of molasses for feedstock.

Last month the government boosted ethanol prices by 5% in an effort to encourage more mills to sell to OMCs instead of to alcoholic drink makers who typically provide better prices and faster deals than oil companies.

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