In India, the director general of the Indian Sugar Mills Association said the government’s decision to increase ethanol price once again, with special emphasis and a higher increase for ethanol made from B-heavy molasses, confirms the Government’s commitment towards encouraging more diversion of the surplus sugarcane/sugar into ethanol. He also said the second very important […]
In Indonesia, the price of crude palm oil on the Malaysia Derivatives Exchange gained 0.79% to a record level MYR2.160 / ton in Monday’s trading, thereby eliminating the weakening for 5 consecutive days the week before which had seen a drop of 3.55%. Strengthening world oil prices as well as rising soybean oil prices helped, […]
In India, the cabinet approved a 5% increase in ethanol prices to just over 63 cents per liter in order to improve the economic viability for sugar mills the supplying of ethanol to oil marketing companies. The country’s E10 blending mandate has failed to take off due to drought that hit production supplies last year […]
In Brazil, the hydrous ethanol price parity against gasoline was the lowest in six weeks following record prices brought upon by record demand after the government raised gasoline and diesel prices in late September. Last week’s hydrous ethanol price was still above the 70% threshold against gasoline, however, at more than 72%. Even though the […]
In India, the government is considering raising the base price for ethanol by a few cents per liter in an effort to secure enough supplies for the new E10 policy set to start Oct. 1. Mills are not interested in supplying the ethanol blend because they are getting better returns for selling into the industrial […]
In Brazil, the price parity for hydrous ethanol against gasoline has fallen to its lowest in five years at 61.9%, down from 62.9% last month. The lowest was September 2010 when parity fell to 58%. Pump prices for ethanol fell 2% over the past month, helping to boost demand from flex-fuel vehicle owners, of which more tan 60% […]
In Brazil, hydrous ethanol’s fuel price parity with gasoline slipped last week for the 18th consecutive time to the lowest seen since Oct. 2010 with ethanol averaging about 63% of gas in the southeast of the country. Yet even though ethanol prices are slumping, drivers are still filling up with less E100 at the pump, […]
In India, the food ministry doesn’t want Oil Marketing Companies to negotiate prices for ethanol from sugar mills down below the floor price it set last year for the 2015/16 marketing year. Last month, excise duties on sugar was also waived, giving more money pull kilo into farmers’ pockets, but OMCs are trying to negotiate […]
In Thailand, the country’s ethanol producers association is urging the government to maintain the price gap between ethanol and gasoline to ensure continued demand for ethanol, rather than allow falling petrol prices reduce ethanol demand. If the price gap is not maintained, the association estimates it could take five to six years to return to […]
In Illinois, ethanol prices finally saw three stronger back-to-back sessions for the first time since Aug. 21, indicating that prices have potentially hit the floor. Prices have rose more than 7%, or 10 cents per gallon, between Thursday last week and Tuesday this week. Tightening supplies as well as stronger corn prices have helped to […]
