The Andersons Inc. achieves record ethanol income

In Ohio, The Andersons Inc.’s Ethanol Group achieved record operating income in the first quarter of 2014 at $19.8 million compared to $2.5 million in 2013. The company attributes the increase to strong ethanol margins and improved performance of ethanol limited liability investments. Margins were affected by low U.S. ethanol supply combined with increased domestic and import demand. The Ethanol Group also reported increased sales of corn oil, E85 and distillers dried grains as well as improved production rates and ongoing service feeds.