In Argentina, the government has raised the price that oil companies must pay in January for ethanol by 5% for both sugarcane- and corn-based fuel, the highest price fluctuation allowed by law. Oftentimes the ministry has boosted the price of sugarcane ethanol more than corn-based ethanol. The country’s E10 policy has helped support increased ethanol […]
In Brazil, sugarcane mills crushed 210% more cane during the last half of December than during the same period last year as mills tried to defy the typically wet weather the region is prone to during the season. It produced 27.17 billion liters of ethanol through December, compared to 25.91 billion liters last season last […]
In Brazil, the sugarcane crush is continuing at pace despite nearing the end of the season with 790 million liters of ethanol produced during the first half of December, up from 498 million liters during the same period last year and down slightly from the last half of November when 881 million liters was produced. […]
In Brazil, the national anti-trust regulator has given Cargill JV Black River Asset Management the green light to purchase two sugarcane mills from Antonio Ruette Agroindustrial for an estimated $180 million. The two mills crush about 3.8 million metric tons of cane annually in Paraiso and Ubarana. This is the first time in several years […]
In India, the Department of Chemical and Petrochemicals has called a meeting for Oct. 19 with the chief secretaries of all sugarcane producing states to discuss growing concerns in the market that there is not enough ethanol being supplied for the new 10% blending mandate. Stakeholders from sugar, chemical and liquor industries have been invited […]
Petrobras raises gasoline and diesel prices but too late in the cane crush to help mills immediately
In Brazil, Petrobras announced it will raised gasoline prices 6% and diesel prices 4% which is expected to have an immediate positive impact on ethanol prices as demand shifts away from more expensive fossil fuels. Though the policy shift wasn’t intended for the sole benefit of the sugarcane industry, it will benefit anyway in the […]
In Argentina, the government raised the price for sugarcane ethanol by 2% to $1.04 a liter and by more than 3% for corn-based ethanol. In March, ethanol production reached 64,599 metric tons, up 55% on the year from 41,799 tons in March 2014. Compared to February’s production of 51,625 tons, March production was up 25%. Ethanol […]
In Brazil, sugarcane economics in Brazil are following those in India, with cane production averaging up to $28.64 per metric ton but only making around $22.28 from its sale as sugar and ethanol. As such, another 10 mills have been mothballed this season, bringing the total to around 50.
In the Philippines, Universal Robina says that its renewable energy unit is expected to contribute $33.2 million to the company’s bottom line, thanks to ethanol and co-generation production from sugarcane. It expects to sell around 20 million liters of ethanol this year and then full capacity next year from its 100,000 liter per day plant.
In Brazil, 58% of sugarcane harvested in the center-south region during the first half of June went towards ethanol production, and more than 61% during the crush so far, with the remainder going towards sugar. Despite the heavy focus on ethanol, production was down on the year due to 5% less cane being crushed during […]