Tag: prices

Chicago Argo ethanol prices sour to two year highs

Chicago Argo ethanol prices sour to two year highs

June 18, 2019 |

In Illinois, Platts reports that benchmark Chicago Argo ethanol prices have reached $1.6075/gal, 13.6 cents higher than last week and the highest seen since April 2017. Corn prices have been soaring of late, reaching five-year highs of $4.53/bushel, due to wet weather in the Midwest this spring that has delayed and cut corn plantings, and […]

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Argentine biodiesel producer says policy forcing it to shut down facility

Argentine biodiesel producer says policy forcing it to shut down facility

April 29, 2019 |

In Argentina, Clarin newspaper reports that the government’s policy for setting biodiesel prices has made its Viluco facility in Frias completely inviable so has had to shut it down. The facility was built to supply the domestic market but it says that prices based on export demand, and therefore prices below the required margin, as […]

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Western fuel markets are being pushed higher due to lack of ethanol

Western fuel markets are being pushed higher due to lack of ethanol

March 27, 2019 |

In Oregon, Platts reports that gasoline prices in Portland have increased 33 cents per gallon since March 12 to $2.2231/gal because ethanol was not able to reach the market following a bomb cyclone the Midwest that shut down ethanol production and transport. Other Western fuel markets like in Tucson, AZ have also suffered similar price […]

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Brazilian H2 February ethanol prices jump more than 10%

Brazilian H2 February ethanol prices jump more than 10%

February 20, 2019 |

In Brazil, Platts reports that hydrous ethanol prices surged to $562.7/cu m during the first half of February, an increase of more than 10% from the second half of January and the highest seen since November 1 due to retailers failing to pass on lower gasoline prices to consumers. As a result, drivers chose to […]

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Rising biodiesel blends sees production rise and prices fall

Rising biodiesel blends sees production rise and prices fall

February 18, 2019 |

In Brazil, Platts reports that data from the energy ministry shows increasing the biodiesel blending mandate to 10% with an eye to further increases in the mandate has encouraged increased production which in turn has reduced prices, falling recently to an 18-month low. Biodiesel production rose 25% on the year in 2018 to 5.35 billion […]

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Philippines domestic ethanol prices jump 25% year-on-year in December

Philippines domestic ethanol prices jump 25% year-on-year in December

January 8, 2019 |

In the Philippines, Platts reports that domestic ethanol prices skyrocketed in December to more than 25% above those seen in December 2017 at a whopping $1,101.40/cu m on the back of rising feedstock prices at roughly US$0.70 per liter of molasses. Sugarcane feedstock was lower at US$0.55 per liter. Though the month-on-month increase was only […]

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Argentina raises prices for both corn and sugar-based ethanol

Argentina raises prices for both corn and sugar-based ethanol

January 2, 2019 |

In Argentina, Reuters reports that as of January 1 the Ministry of Energy has increased the price of sugarcane-based ethanol to per 59 cents liter while corn-based ethanol was increased to 54 cents per liter. The prices set by the ministry must be paid by fuel companies who buy locally-produced biofuels to blend 12% ethanol. […]

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Chicago Argo ethanol prices fall to lowest level in 15 years

Chicago Argo ethanol prices fall to lowest level in 15 years

December 12, 2018 |

In Illinois, Platts reports that prices for Chicago Argo ethanol have fallen to $1.1725/gal the lowest level seen in 15 years. Healthy margins kept ethanol producers pumping out more than a billion barrels per day well past the peak summer driving season but that have since fallen into negative margins at around minus 16.41 cents/gal […]

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Brazilian ethanol prices seen rising in December

Brazilian ethanol prices seen rising in December

December 6, 2018 |

In Brazil, Reuters reports that ethanol prices are likely to jump in December as demand for the fuel increases while stronger ICE Brent Crude futures and NYMEX RBOB futures further support them. Already ethanol prices have increased more than 4% during the first week of December and prices will likely go higher as the holiday […]

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Malaysian palm oil price hit three-year low and seen heading down further

Malaysian palm oil price hit three-year low and seen heading down further

November 14, 2018 |

In Malaysia, crude palm oil prices hit their lowest since September 2015 on Monday to $444.37 in response to growing stocks—more than 6% higher in October than in September—fewer exports and rising production that was 6% higher on the month. Palm oil producers are already feeling the pinch from lower prices, and with prices expected […]

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