In India, the Hindu newspaper reports that the government is looking to offer sugar mills 6% subsidies on interest rates for loans that will be used for increasing ethanol production. Previous attempts to offer soft loans to mills for the same purpose have led to few than 10% of mills getting financing due to the […]
In Brazil, Reuters reports that the government has decided to allow ethanol producers to market ethanol directly to fueling stations, a move pushed by many mills who have argued that it would increase efficiencies and lower costs while improving margins for mills. The economy ministry needs to develop some underlying tax regulations that could take […]
In India, the Economic Times reports that sugar mills in Maharashtra say it will take at least one year to be able to comply with PESO (petroleum and explosives safety organization) regulations in order to secure a license to produce ethanol because of required investments such as storage tanks. Without the license, mills won’t be […]
In Brazil, Reuters reports that sugar mills could have processed 13 million metric tons more cane during the last half of May were it not for the truckers strike that also kept more than 300,000 tons from being exported or supplied to the local market. Ethanol production fell to 1.74 billion liters during the period […]
In Brazil, mills shifted 53.5% of the sugarcane crush towards ethanol production during the second half of October, 3.6% higher than during the same period last year. Mills began switching towards ethanol production in mid-July or August and continue to favor it, helping to boost sugar prices in return. The volume crushed during the period […]
In Brazil, increased ethanol production is expected to cut sugar production to three-year lows next season as ethanol prices become more profitable for mills in the year starting in April 2018. Kingsman expects the smallest crush in four years at 575 million metric tons, due to slow cane renovation rates as a result of poor […]
In Brazil, mills have begun to switch over to ethanol production in light of falling sugar prices and the decision to impose a 20% tariff on imports above a 600 million liter per year quota. UNICA’s bimonthly report shows that just under 50% of cane was used for ethanol production during the first half of […]
In Brazil, mills will continue to produce more sugar than ethanol in 2017 as the industry continues to ride higher sugar prices before the global supply deficit swings towards a surplus later in the year that will weigh on prices again. CEPEA expects hydrous ethanol production to fall in light of recent tax changes that […]
In Brazil, during the first half of December, mills sold 3% more hydrous ethanol than during the previous two-week period at 552.62 million liters. Anhydrous ethanol sales were barely more than flat at 438.80 million liters. Of the more than 1 billion liters sold during the period, about 30.4 million liters were intended for export. […]
In India, a party leader is calling for all 46 sugar mills in Tamil Nadu to be allowed to produce ethanol, rather than just the eight that currently do so. Over the weekend, Bharath Petroleum Corporation floated a tender to source 2.8 billion liters of ethanol to comply with the country’s E5 blending mandate but […]
