Ethanol supply rises 45 percent from Sept 07 – Sept 08, demand rising faster; Brazilian imports on the rise

The Energy Information Administration released ethanol production figures for the month of September, finding that production increased to 806 million gallons, a 45 percent increase over the 554 million gallons recorded in September 2007. Domestic ethanol production is expected to reach 9 billion gallons in 2008, however the Renewable Fuels Association said that overall ethanol demand for the month was 866 million gallons, and led to a surge in imports with 107 million gallons imported in September. 68 million gallons were imported directly from Brazil.

Free Subscription to the Daily Biofuels Digest e-newsletter

Related Stories

Spanish biofuel industry faces oversupply of biodiesel; ethanol supply, demand in balance

In Spain, local biofuels producers say that they will have no problem meeting the 3.4 percent ethanol targets set by the national government for 2009, but said that the biodiesel supply was still faci...

Citigroup says ethanol margins back on track after recent price surge to $2.31 per gallon

Citigroup says that, with recent rises in ethanol prices, "We firmly believe the new energy bill will serve as a significant catalyst to the ethanol industry, as the higher mandated ethanol levels sti...

China may become net food importer; more price rises for grains expected

A report from India points to rising demand from China as the source of rising world food prices. China, previously a food exporter, may become a net food importer this year....

Rising sugar prices as Indian sugar crop fails – trouble looming for Brazilian sugar ethanol

In Brazil, raw sugar prices have risen to their highest levels since 1981. A 3% rise this week to $0.2155 per pound reflected the failure of the Indian sugar crop as well as rising demand for sugar et...

US gas prices fall from Labor Day highs; demand up 8.3%, price up 11.6% year-over-year

US Gasoline prices fell this week in the traditional post-Labor Day slump, but demand is up over the comparable period a week ago. MasterCard SpendingPulse reported that demand in the week ending Sep...

US ethanol imports rise 24% in June

June US ethanol import figures were released by the Federal Energy Information Administration. In June, imports increased by 24% over May to 820,000 barrels, equivalent to 37 million gallons. Brazi...