BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
COOKIE NOTICE

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
Agriculture

Philippines' domestic bioethanol price rise on record molasses feedstock price

Energy | Thermal Coal | Electric Power | Emissions | LNG | Natural Gas | Oil | Crude Oil | Refined Products | Shipping | Tankers

Market Movers Asia, June 17-21: Energy security cooperation in focus at G20 meet after tanker attacks

Agriculture | Biofuels

Platts Biofuelscan

Agriculture | Electric Power | Natural Gas (North American) | Oil | Metals | Petrochemicals

North American Digital Commodities Summit, 2nd Annual

Agriculture | Grains

La cosecha de soja de Argentina, finalizada al 98,5%; previsto un aumento de las exportaciones del 267% interanual

Philippines' domestic bioethanol price rise on record molasses feedstock price

Singapore — The Philippines domestic bioethanol reference price climbed by 3.35% on a half-monthly basis to Pesos 58.26/liter ($1,165/cu m) in the first-half of February led by record feedstock molasses prices, data released Tuesday by the Sugar Regulatory Administration showed.

Not registered?

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

Register Now

Molasses, one of the feedstocks for Philippines' bioethanol, has climbed to historical high levels. For the first half of February 2019, Negros molasses price rose 6.73% from the second half of January 2019, to Peso 10,198.37/mt ($194.85/ mt), the highest level ever recorded since September 2011 when SRA first started to report prices.

The surge resulted in a higher equivalent feedstock cost for bioethanol of Peso 43.46/liter ($0.83/liter). Local negros molasses prices are expected to stay elevated until July, a trader reported, due to strong demand for domestic ethanol blending as the Philippines' government push for the usage of local ethanol.

The price of sugar, another bioethanol feedstock, climbed 4.22% from the second half of January to Pesos 1,539.23/lkg ($588.2/mt) in H1 February based on SRA data. This resulted in higher equivalent feedstock for bioethanol at Pesos 28.48/liter ($0.54/liter) in the first half of February, up 4.24% from second half of January, based on data from SRA.

The increase in the Philippines' domestic bioethanol reference price was the fifth consecutive half-monthly rise since the second half of November 2018. The domestic ethanol reference price in the first half January was up 23.96% from the same period a year ago.

In contrast, the average imported fuel ethanol price for first half of February was $454.67/cu m CIF Philippines, S&P Global Platts data showed, which was less than half of locally produced ethanol prices.

-- Donavan Lim / d.lim@spglobal.com, newsdesk@spglobal.com

-- Edited by Elizabeth Thang, newsdesk@spglobal.com