Argentina boosts ethanol prices again

June 8, 2017 |

In Argentina, the government raised the price of sugarcane-based ethanol for June that oil refiners must pay by the maximum 5% allowed to $1 per liter. Corn-based ethanol was also raised slightly by 0.7% to 80.5 cents per liter. The ethanol is used to supply the 12% mandatory ethanol blending policy. The government has been steadily increasing the prices, especially for sugarcane-based ethanol, on a monthly basis in order to support industry development like neighboring Brazil.

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Category: Producer News

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