H1 March domestic Philippines ethanol prices follows molasses prices higher

March 28, 2019 |

In the Philippines, Platts reports that ethanol prices have risen again during the first half of March to $1,197/ cu m, nearly 2% higher despite molasses prices rising more than 6% during the second half of February. Landed CIF Philippines prices were $466/63/cu m during H1 March. Molasses prices are seen easing coming July when the sugarcane crush ramps up but until then ethanol prices are likely to continue to rise in line with more expensive feedstock.

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