Philippine ethanol prices seen rising higher through Q4

In the Philippines, Platts reports that on the back of higher prices for molasses in a tight sugarcane market, domestic prices for ethanol rose to a 19-month high in June at ($1,162/cu m) compared to imported ethanol at $465.09/cu m for CIF Philippines. Molasses is currently at a 10-month high. Prices are seen moving higher through to the fourth quarter when additional molasses supplies will be available after the sugarcane crush starts. Cane prices are also falling thanks to imports of sugar that are lowering sugar prices.