Molasses is a thick, dark liquid byproduct of the sugar refining process. It's rich in minerals like iron, calcium, and potassium. Molasses is a versatile product with various applications, making it a significant contributor to the global sugar industry.

It is mainly used for Ethanol production, Animal feed, Baking and cooking & Pharmaceutical applications.

Oilex Trading associated with United Molasses, London for nearly 2 decades for their molasses business in India having traded sizeable volumes during the period.