India unlikely to achieve ethanol blending mandate yet again

In India, the country is likely to miss its ethanol-blending mandate yet again after boosting to a 10% blend when it wasn’t even able to achieve a 5% blend. With 3.16 billion liters of demand this season, mills have only offered about 1.7 billion liters of supply, and that’s despite record sugar production of more than 31 million metric tons this year. Export taxes for intra-state ethanol movement lobbed on shipments by Uttar Pradesh is seen as a key reason for failure to achieve the blend. The state is expected to produce nearly 3 billion liters more than its demand and could supply to others nearby but the tax makes prices unviable.