Argentine biofuel producers stucks waiting for government to set March prices

In Argentina, ethanol and biodiesel producers alike are stuck between a rock and a hard place because the government hasn’t set the prices for biofuels for March, requiring them to continue selling at prices set in February despite production costs having risen in the meantime. The government sets prices on a monthly basis taking cost of production and other factors into consideration but with just a few days in the month left to go, producers are nervous about what April could look like.