Philippine domestic ethanol price falls slightly during H2 September as feedstock prices ease

In the Philippines, Platts reports that even though the sugar industry isn’t currently crushing cane, molasses prices have fallen and therefore ethanol prices have fallen in line to $1,140/cu m during the first half of September, 1.57% lower than from H2 June. The price is nearly 6% higher on the year, however. Mills should begin crushing in October with molasses reaching the market in November. Landed ethanol prices are half the price of domestic ethanol at $578.8/mt.