Ethanol providing more profit than sugar to Indian mills

February 7, 2019 |

In India, Bloomberg reports that the push to boost ethanol production and consumption domestically has helped to increase revenues for sugar mills, accounting for up to 56% of the profit generated by the country’s three biggest sugar companies during the first nine months of the year. Typically, ethanol counts for a third or less of PBIT. The percentage is a bit misleading, however, because ethanol revenues have held steady or risen somewhat but sugar revenues have fallen sometimes significantly

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Category: Producer News

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