FTC annual report shows no anti-competitive behavior in ethanol industry

In Washington, the Federal Trade Commission’s annual report on ethanol market concentration showed low level of concentration and large number of market participants in the U.S. ethanol production industry continue to suggest that the exercise of market power to set prices, or coordination on price or output levels, is unlikely. That result is contrary to what the European Union has found regarding anti-competitive behavior in its own market that has led to raids over the course of three years and recently launching an investigation into three producers.