Search Results for 'Rice'

European glycerin prices skyrocket as biodiesel production and imports slow

European glycerin prices skyrocket as biodiesel production and imports slow

April 6, 2020 |

In the UK, ICIS reports that COVID-19 has significantly tightened the availability of glycerin and as a result prices have tripled to EUR670-900/metric ton, basis free delivered northwest Europe. With expectation that biodiesel production is going to continue to slow through Q2 due to the virus and the resulting drop in non-GMO glycerin supplies, the […]

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Corn futures prices slump to 3.5-year lows on falling ethanol demand and oil prices

Corn futures prices slump to 3.5-year lows on falling ethanol demand and oil prices

April 6, 2020 |

In Illinois, Reuters reports that corn futures slid to 3.5-year lows on Monday to $3.29-1/4 a bushel as ethanol plants shutter due to negative margins in the face of crashing demand brought about by COVID-19 response measures. Low oil prices are adding further pressure to ethanol demand with a further $3 per barrel shed from […]

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Unexpectedly large demand drives meal prices

Unexpectedly large demand drives meal prices

April 5, 2020 |

In Germany, UFOP reports that in early March, the corona crisis led many market participants to act cautiously and sit back to observe further developments, but that attitude has changed completely in the past two weeks, as livestock farmers ordered large amounts of compound feed in mid-March, leading to an explosion in demand and increased […]

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Chicago Argo prices hit fifth new low in three weeks

Chicago Argo prices hit fifth new low in three weeks

April 2, 2020 |

In Illinois, Platts reports Chicago Argo ethanol prices fell to a new record low of 84.8 cents per gallon earlier this week, falling from the previous low set on March 23, the fifth time a new low has been hit in the past three weeks. Demand for ethanol continues to slump as drivers stay home […]

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Philippines domestic ethanol prices continue to rise to triple CIF price

Philippines domestic ethanol prices continue to rise to triple CIF price

April 1, 2020 |

In the Philippines, Platts reports that while ethanol prices in many other origins around the world are collapsing, ethanol prices in the Philippines rose more than 8% on the year during the first half of March to $1,280/cu m which was nearly 4% higher than during the last half of February. Domestic ethanol is typically […]

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Brazilian hydrous ethanol prices collapse to two-year lows from record highs in a month

Brazilian hydrous ethanol prices collapse to two-year lows from record highs in a month

March 31, 2020 |

In Brazil, Platts reports that hydrous ethanol prices in Brazil’s center-south region have collapsed to two-year lows following record highs just a month ago as oil prices, and therefore gasoline prices, crumble while supplies begin to pick up as mills kick of the crush. Producers were in a race to the bottom in attempt to […]

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Vegetable oil prices under pressure due to coronavirus, rapeseed oil drops more than 18%

Vegetable oil prices under pressure due to coronavirus, rapeseed oil drops more than 18%

March 28, 2020 |

In Germany, UFOP reports that the spread of the coronavirus sent global prices of crude oil and vegetable oil on a downward spiral. Rapeseed oil most recently cost EUR 690 per tonne. This translates to a more than 18 per cent decline within one month. Soybean oil stood at EUR 605 per tonne, down just […]

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Brazilian drivers seen sticking with hydrous ethanol despite lower gas prices

Brazilian drivers seen sticking with hydrous ethanol despite lower gas prices

March 25, 2020 |

In Brazil, Platts reports that despite the collapse of oil prices that has suddenly made hydrous ethanol no longer competitive despite enjoying record high prices less than a month ago, drivers are still expected to continue filling up with ethanol over gasoline because technically it is still cheaper. Due to ethanol’s lower energy content than […]

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Indian oil marketing companies not likely to resist low oil prices despite ethanol mandate

Indian oil marketing companies not likely to resist low oil prices despite ethanol mandate

March 23, 2020 |

In India, the Hindu Line newspaper reports that despite government policy to blend 10% ethanol, with oil prices at $30 per barrel oil marketing companies are likely to forego additional ethanol blending. Blending reached 5% last season and was expected to reach similar levels this year while sugar mills invest in order to boost production […]

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European industrial ethanol prices soar on back of COVID-19 demand

European industrial ethanol prices soar on back of COVID-19 demand

March 19, 2020 |

In the UK, while US ethanol prices fall to record lows, in Europe industrial ethanol prices are skyrocketing as demand surges for hand sanitizers and other disinfectants to tackle the spread of COVID-19. Anyone capable of producing alcohol, from gin distillers to biofuel producers, are switching to industrial alcohol production to fill the significant supply […]

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