homevideos Newsmarket Newscommodities NewsEthanol price hits 6 year high; here’s what you need to know
Ethanol price hits 6-year high; here’s what you need to know
Ethanol prices in the international market are seeing a 6-year high at $2 per gallon. The US ethanol inventory is at a 21-week low. US blending demand is at a 13-month high and the Indian markets are taking a lot of cue from that. CNBC-TV18’s Manisha Gupta has more details. Watch this video for more.
Ethanol prices in the international market are seeing a 6-year high at $2 per gallon. The US ethanol inventory is at a 21-week low. US blending demand is at a 13-month high and the Indian markets are taking a lot of cue from that.
For Indian markets, the sugar industry is looking to divert 2 million tonnes for ethanol production.
For India, sugar exports are near the target of around 6 million tonne - this is what the Indian government has mandated and given subsidies for.
CNBC-TV18’s Manisha Gupta has more details. Watch this video for more.
(Edited by : Abhishek Jha)
First Published: Apr 20, 2021 12:30 PM IST
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