Summary
"The customers who contract for processing take the market risks, and so they will execute processing when it makes good business sense. JB Ethanol will endeavour to negotiate the best terms for remuneration, if the customers exercise their option not to process," he said.
"JB Ethanol has multiple contracts for processing ethanol for third-party customers. These customers have an option to process or not to process on a month-by-month basis. As a result of high prices for raw material - hydrous alcohol - in Brazil during the sugar cane inter-crop season of the main sugar producing region, the third party customers executed less processing in quarter three than quarter two," said Ian Parsard, vice-president of finance and energy at Jamaica Broilers.See the full content of this document
Extract
Ethanol Sales Evaporate
JAMAICA BBOILERS Group Limited (JBG) ethanol sales have plunged to half the levels of a year ago, truncating sales by $4 billion - a re...
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