Philippine domestic ethanol prices fall 19% in October but still double imported

In the Philippines, the Sugar Regulatory Authority said the October ethanol reference price fell 19% on the year to 92 cents per liter thanks to lower molasses and sugarcane prices during the period. Even though prices fell, domestic ethanol is still roughly double the price of imported ethanol at $469.03/cu m CIF basis. Companies are waiting for the SRA to issue import allotments for Q1 2018 as most have already used up their allotments for 2017.