Ubon Bio Ethanol Plc (UBE), a manufacturer of cassava-based products, expects its revenue to grow by 10% this year thanks to higher prices of ethanol and flour both domestically and overseas.
Last year, the company earned 7.25 billion baht.
Higher prices of raw materials have resulted in ethanol and flour becoming more expensive.
During the first nine months of this year, ethanol reference prices on average, based on the Energy Policy and Planning Office, rose by 9-10% year-on-year, while average flour reference prices, based on the Thai Tapioca Trade Association, also increased by 9-10% year-on-year.
According to UBE, the price of ethanol domestically increased to 30 baht a litre as of Nov 6, up from an average price of 26-29 baht a litre last year.
Thailand mixes ethanol with gasoline, using a range of different proportions, to produce gasohol….
