Tate & Lyle doesn’t see US ethanol market improving any time soon

In the UK, Tate & Lyle have put the blame on weakness in the US ethanol market for its poor showing during the past quarter, saying that commodities have and will continue to weigh on the company’s performance. The company’s CEO doesn’t see the market outlook improving any time soon because the installed production capacity in the US is 1 billion gallons more than the 14.5 billion gallons required to comply with the Renewable Fuel Standard.