Indian mills want 25% higher prices for cane juice-based ethanol

In India, sugar mills say they want 25% higher ethanol prices for ethanol from sugarcane juice in order to make enough money to justify supplying to oil marketing companies for the national blending mandate. Mills are suffering from low sugar prices and high cane prices, leaving to look at any opportunity to boost profitability. Ethanol is traditionally produced from molasses but if ethanol is to be made straight from juice as is now allowed after the recent deregulation, mills say they want a higher price.