Tag: sugar mills

Ethanol providing more profit than sugar to Indian mills

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 […]

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India to invest $838 million in ethanol production expansion

India to invest $838 million in ethanol production expansion

February 6, 2019 |

In India, the Business Standard reports that sugar mills and other industries are investing $838 million to expand ethanol production as the country looks to reduce fossil fuel imports and the sugar industry looks to stabilize itself. About 40% of the new production capacity will be in Maharashtra with another 30% in Uttar Pradesh. Nearly […]

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Brazilian sugar mills may reduce ethanol production this year as sugar prices set to rise

Brazilian sugar mills may reduce ethanol production this year as sugar prices set to rise

February 4, 2019 |

In Brazil, Platts reports that with ethanol set to account for 65% of cane crushed during the 2018/19 season that is just wrapping up, the highest seen in a decade, oil and gas prices are expected to impact ethanol—and therefore sugar—more than ever before. With global sugar production falling this year and edging toward a […]

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India looking to boost ethanol prices again to help sugar mills

India looking to boost ethanol prices again to help sugar mills

December 24, 2018 |

In India, the Economic Times reports that the food ministry is consulting with the Prime Minister’s Office in an attempt to get ethanol prices raised further in an effort to improve liquidity for cane mills that will in turn allow them to pay mounting debts to cane farmers. Grain-based ethanol would also benefit from higher […]

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Brazilian sugar mills continue to push more towards ethanol and shun sugar

Brazilian sugar mills continue to push more towards ethanol and shun sugar

December 3, 2018 |

In Brazil, Reuters reports that sugar mills continue to shun sugar in favor of ethanol production and are investing in more production capacity of ethanol to help ensure continued focus on the fuel while the globe swims in sugar supply. That focus on ethanol already in the 2018/19 season will see sugar production at a […]

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Around 150 sugar mills have presented ethanol projects for soft loan funding

Around 150 sugar mills have presented ethanol projects for soft loan funding

August 27, 2018 |

In India, the Press Trust of India reports that roughly 150 ethanol projects including greenfield projects and expansions have been proposed by sugar mills seeking soft loans announced back in June that would help them to diversify, boost their weak finances and help supply more ethanol for the 10% blending mandate. The majority of applications […]

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Uttar Pradesh sugar mills seeking molasses deregulation

Uttar Pradesh sugar mills seeking molasses deregulation

July 4, 2018 |

In India, the Uttar Pradesh sugar mills association is seeking deregulation of molasses in an effort to offload supplies that are currently drowning its local market following a record sugarcane crush while providing opportunity to supply other states that can’t fulfill their own demand. Even though the central government has recently deregulated the use of […]

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Brazilian mills hit hard during recent truckers strike

Brazilian mills hit hard during recent truckers strike

June 19, 2018 |

In Brazil, Reuters reports that sugar mills could have processed 13 million metric tons more cane during the last half of May were it not for the truckers strike that also kept more than 300,000 tons from being exported or supplied to the local market. Ethanol production fell to 1.74 billion liters during the period […]

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

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

June 14, 2018 |

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 […]

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COFCO sees Brazilian sugar mills reneging on sugar contracts to produce more ethanol

COFCO sees Brazilian sugar mills reneging on sugar contracts to produce more ethanol

April 26, 2018 |

In Brazil, COFCO told Reuters that demand for ethanol could be strong enough to even encourage the sector to cancel contracts for sugar so that the sucrose could be transformed into ethanol instead. COFCO, as an example, already sold all of its anticipated sugar production for the season that began April 1 and plans to […]

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