Stronger European ethanol prices turn outlook around for CropEnergies and Suedzucker

September 22, 2015 |

In Germany, the recent revival in European ethanol prices has led CropEnergies and Suedzucker to reverse previous doomsday profits expectations and instead imply a 50% boost to operating profits, a move that boosted Suedzucker’s equities price 15% that added about $500 million to its stock valuation. Though the March to August half still showed a loss, the trend showed a significant move in the right direction. On Tuesday, Platts quoted European ethanol prices at for September delivery into Rotterdam at $548.48 per cubic meter.

Print Friendly, PDF & Email

Tags: , ,

Category: Producer News

Thank you for visting the Digest.