Usually in Nov or Dec.
Every year the ministry calculates OMC ethanol price for each input (C-Heavy, B-Heavy, juice) based on both input FRP & prevailing sugar price based on loss.
Last year they artificially inflated C-Heavy ethanol price (and others were low) to “discourage” ethanol diversion.
Since no-limit ethanol diversion has been announced this year hopefully OMC prices will be normalized.
Maybe days of sugar mills’ ethanol expansion are over, unless crop acreage/yields increase dramatically to crush high volumes consistently year over year. They learnt a bitter lesson last year.
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