After ethanol tender pricing setback, sugar industry hopes for review
The sugar industry was surprised when oil marketing companies kept ethanol procurement prices unchanged in the first tender for the 2025-26 season starting November. Industry players remain hopeful of an upward revision, noting that in past seasons ethanol prices were increased after initial tenders were floated.
The sugar industry was hit with a surprise a few days back when the first ethanol tender floated by oil marketing companies (OMCs) for the 2025-2026 supply season starting November didn’t see any increase in procurement prices.
Nonetheless, a section of the industry is hopeful of some form of remedial action, pointing out that in the past, too, ethanol prices have been revised upwards after supply tenders were floated.
In the first ethanol tender, procurement prices were kept at the same level as last year’s supply season – which runs November through October – for ethanol produced from sugarcane juice
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Source : Business Standard
