Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list

Philippines domestic bioethanol price climbs on higher feedstock costs

Bunker Fuel | Crude Oil | Fuel Oil

Why is the fuel oil sulfur spread going bananas?

Agriculture | Biofuels

Platts Biofuelscan

Commodities | Agriculture | Biofuels | Sugar

Miami Sugar Conference, 6th Annual

Agriculture | Grains

Analysis: Brazilian soybean exports could rise amid escalation of US-China trade dispute

Philippines domestic bioethanol price climbs on higher feedstock costs

Singapore — The Philippine domestic bioethanol reference price climbed 1.85% on a biweekly basis to Pesos 54.54/liter ($1,090.80/cu m) in the first half of December, data released Friday by the Sugar Regulatory Administration showed.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

The increase arrested three months of consecutive monthly drops in the domestic ethanol price in the Philippines.

The domestic bioethanol price had increased since the start of 2018 before hitting a speed bump in September.

On a year on year basis, the domestic ethanol reference price in H1 December was up 24.26%.

In the feedstock market, the price of Negros molasses in H1 December rose 2.68% from H2 November, to Peso 8,478/mt resulting in a higher equivalent feedstock cost of Peso 36.44/liter ($0.69/liter).


Biofuelscan covers the latest worldwide biofuel news and prices and provides a daily summary of market events. Use the request a free trial link and we will send you 5 issues free for your review.

Free Trial

"The increase in molasses price was due to easing of exports from Brazil, which stopped exporting at this time of the year," a trader said. "The molasses price is not expected to decrease until February when Chinese demand slackens due to the Lunar New Year celebration," he added.

Cost of the other feedstock, sugarcane, was at Pesos 28.09/liter ($0.53/liter) in H1 December, up 2.41% from H2 November. The equivalent price of sugarcane climbed due to the increase in sugar prices by the similar magnitude to Pesos 1,516.97/lkg, which is equivalent to $577.37mt.

Since the Tax Reform for Acceleration and Inclusion or TRAIN bill was passed from January 1, 2019, which introduced taxes on sweetened beverages, the Philippines had faced higher ethanol feedstock costs.

The TRAIN bill led to major beverage companies in the Philippines switching to high-fructose corn syrup with sugar in their production process as the bill imposed a Pesos 6/liter ($0.11/liter) tax on drinks containing calorific or non-calorific sweeteners, and a Pesos 12/liter tax ($0.23/liter) on drinks containing high-fructose corn syrup, or a combination of both.

In comparison, the average imported fuel ethanol price for first half of December was $423.39/cu m CIF Philippines, S&P Global Platts data showed, which was less than half of locally produced ethanol prices.

-- Donavan Lim,

-- Edited by Norazlina Jumaat,