European T2 ethanol falls to three-month low on increased supplies

In the Netherlands, with more supply on the market and demand falling as of the end of July, T2 ethanol prices fell to their lowest in three months. Winter demand is already covered and some believe the former Abengoa plant in Salamanca, Spain, although small, could be back online by year’s end following a trial start up in June. With the European grain harvest on the horizon, ethanol production will also likely increase in line with cheaper feedstocks.