Argentina raises ethanol and biodiesel prices in June

In Argentina, Platts reports that the government raised biodiesel prices 7% to $781 per metric ton for June. Biodiesel production rose 10.5% on the year during the first quarter to 579,074 metric tons while consumption fell during the period by nearly 5% to 260,287 tons. Sugarcane-based ethanol prices were increased 1.5% to 72 cents per liter while corn-based ethanol rose 7.6% to just over 60 cents per liter. Total ethanol production fell more than 6% to 232,102 tons while consumption rose nearly 4% to 273,223.