Philippines´ Q4 ethanol quota up 18% but lower than expected

In the Philippines, the ethanol blending mandate for Q4 has been set at 18% higher than for Q3 at 46.95 million liters, up 7.25 million liters. Yet the mandate is lower than the 60 million liters expected by the market that would have matched the Q1 and Q2 quotas. The sugarcane milling season is set to start later that usual, in September, which will likely have an impact on supplies and therefore lower availability. 

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