Dollar’s depreciation may dent China’s ethanol dreams

In China, despite an increase on import duty for ethanol to 30% and the 10% ethanol-blending mandate set for 2020, some analysts are concerned that the depreciating dollar will have a negative impact on corn prices that in turn could increase feedstock costs for ethanol producers as a result of long-term demand for that corn. While some are looking for China to boost production quickly, others warn that ramping up too fast could have negative consequences financially.