Indian sugar mills agree supply contracts for 1.4 billion liters of ethanol

In India, Reuters reports that the Indian Sugar Mills Association confirmed mills have sold 1.4 billion liters of ethanol to oil marketing companies for the 2017/18 crop year, double the 665 million liters supplied during the previous season, thanks to a significant increase in sugar production that will lead to a far higher supply of molasses for feedstock.

Last month the government boosted ethanol prices by 5% in an effort to encourage more mills to sell to OMCs instead of to alcoholic drink makers who typically provide better prices and faster deals than oil companies.

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