Argentina backtracks on ethanol price cuts after farmers complained

In Argentina, although the government significantly cut ethanol prices earlier this month, it has backtracked on those cuts to 7.5% for sugarcane-based ethanol from a previous cut of 15% and 10.5% from a 21.1% cut on corn-based ethanol. Ethanol producers complained about the drastic price cuts and demonstrated additional cost factors that had not been included in the government’s calculations, so the price cuts were adjusted accordingly. Ethanol production jumped more than 30% during the first eight months of 2017 while sales rose similarly by 24%.