Philippines domestic ethanol prices jump another 7% in March

April 3, 2018 |

In the Philippines, Platts reports that domestic ethanol prices soared more than 7% in March to $1,035.2/cu m, the highest in 13 months. Higher prices were driven by a more than 20% increase in molasses prices, themselves at a six-month high. With sugar-based drinks taxed less than those made from high fructose corn syrup, sugar demand is expected to increase and further push prices for cane and molasses higher. PepsiCo already announced it would switch to 100% sugar from 60% sugar in May.

Category: Fuels

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