In India, M Manickam of Sakthi Sugars, one of India’s largest sugar producers, expects their financials to take an upturn by Q4 of this year in response to the E5 blending mandate. He indicated that cane prices, not the ethanol mandate, will continue to have the largest impact on prices, and that if the cane price stays around RS 24, sugar should continue to be about one and a half times that prices, RS 36; at this price, Manickam indicated, alcohol is not profitable, and the company plans on focusing solely on ethanol.
Category: Fuels