In India, the Hindu Business Line newspaper reports the National Company Law Appellate Tribunal (NCLAT) has suspended a $4.56 million fine for alleged ethanol price fixing lobbed on 18 sugar mills and two trade associations by the Competition Commission of India (CCI) in 2018. The NCLAT has sent the decision back to the CCI for […]
In Malaysia, Reuters reports that following the heightened conflict between Hamas and Israel on Monday, oil prices rose 3% which have given a boost to palm oil prices that were falling due to excess supplies. With higher oil prices due to potential increased instability in the Middle East, demand could pick up for biodiesel which […]
In Mexico, ZFR reported that the head of the International Air Transport Association (IATA), Willie Walsh, has stated that sustainable aviation fuel is likely to continue to be more expensive than traditional kerosene, even as large-scale production increases. However, Walsh emphasized the industry’s willingness to take on the higher price, stating: “The industry recognizes the […]
In Argentina, following complaints last week by biofuel producers that the 20% price increase announced by the government wasn’t enough to compensate for the 30% increase in production costs due to inflation, Reuters reports the government approved another 68 cent per liter increase for corn and sugarcane-based ethanol. With triple digit inflation causing major price […]
In India, the Hindu Business Line newspaper reports that oil marketing companies will have to spend an additional $12 million on ethanol purchases following the government’s price increase for ethanol produced from broken rice and corn. No corn-based ethanol has been supplied so far this marketing year despite incentives and a production quota while less […]
In Argentina, the Clarin newspaper reports that after 27 biofuel factories suspended their operations due to the low price received for their production, the national government on Wednesday ordered 20% price increase for biodiesel made from soybeans. The 20 percent increase was set by the National Secretariat of Energy through Resolution 694/2023 published on Wednesday […]
In Brazil, Bloomberg reports that drivers are choosing cheaper gasoline at the pump, leaving significant ethanol stocks that are weighing on prices. Raizen’s ethanol stocks doubled in Q2 vs. Q1, pushing the company to shift its ethanol production to sugar which is fetching much higher prices thanks to a global deficit. UNICA says E100 sales […]
In India, Mint reported that the Indian government is considering resuming rice supplies for ethanol production, amid concerns that it might miss production targets due to a shut-down by ethanol distilleries. The Indian government had previously stopped supplying subsidized rice to state governments, putting these stocks for open market sales instead. However, these stocks found […]
In India, Live Mint reports the Indian government may again supply rice for ethanol production following the shutdown of several ethanol distilleries due to the lack of feedstock and that sugarcane-based ethanol production won’t start until October. The use of rice as feedstock became a controversial topic in May during the Karnataka elections because rice […]
In India, the Hindu Business Line reports that new higher prices for ethanol made from rice and corn have been approved and are about to be rolled out in an effort to help reach 12% ethanol blending nationwide, yet the government recently retracted its approval for ethanol from rice due to food security concerns. Supply […]
